My small business revenue was $0 in 2022, can I still use deminims safe harbor election to write off expense items?

Forum|Forum|3 years ago
February 9, 2023
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My small business revenue was $0 in 2022, can I still use deminims safe harbor election to write off expense items $2,500 or less?

Thanks!

C

Cynthiad66

I have not identified any exceptions to using Safe Harbor De Minimus rules if there is no income. If you were actively engaged in your trade or business but didn't receive income, then you should file and claim your expenses.

If these expenses were otherwise deductible and they meet the De minimus requirements, you should be able to still use the safe harbor election. This link provides additional information.

Safe Harbor for Small Taxpayers

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