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Hello: I started a surface design business last year. I footed a few thousand dollars start up. No income for 2023. Do I still file form C . Do I bother still filing?

I made no profit for my start up buisness. Do I still file deductions?
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ThomasM125
Expert Alumni

Hello: I started a surface design business last year. I footed a few thousand dollars start up. No income for 2023. Do I still file form C . Do I bother still filing?

If you were open for business, meaning you were ready to provide services and actively seeking sales, then you should deduct the expenses on schedule C in 2023. Otherwise, you should not complete the business schedule C and keep a record of your expenses as you can enter them a start-up expenses next year when the business is up and running.

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