topic Do I still need to file my tax?or wait until I have earn some income?(next year) if I have no income, claiming for business lost and I can't get refund for my expenses. in Self-employed https://turbotax.community.intuit.ca/community/self-employed/discussion/do-i-still-need-to-file-my-tax-or-wait-until-i-have-earn-some-income-next-year-if-i-have-no-income/01/947567#M7369 Thu, 31 Oct 2019 12:38:00 GMT ivvyhu 2019-10-31T12:38:00Z Do I still need to file my tax?or wait until I have earn some income?(next year) if I have no income, claiming for business lost and I can't get refund for my expenses. https://turbotax.community.intuit.ca/community/self-employed/discussion/do-i-still-need-to-file-my-tax-or-wait-until-i-have-earn-some-income-next-year-if-i-have-no-income/01/947567#M7369 Thu, 31 Oct 2019 12:38:00 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/do-i-still-need-to-file-my-tax-or-wait-until-i-have-earn-some-income-next-year-if-i-have-no-income/01/947567#M7369 ivvyhu 2019-10-31T12:38:00Z You still need to file a tax return regardless of whether... https://turbotax.community.intuit.ca/community/self-employed/discussion/you-still-need-to-file-a-tax-return-regardless-of-whether/01/947568#M7370 <P>You still need to file a tax return regardless of whether or not you are reporting Self-Employment income. You cannot file a tax return and claim a business loss if you were not "active" in your business and had no expectation of making a profit from it.</P><P>As for getting a "refund" for your expenses paid, any business expenses you have can only be used to reduce the actual business income you have earned. You can only receive an<B> Income Tax Refund</B> if you have actually paid income tax through deductions on your income sources. Business expenses do not provide you with a refund.&nbsp;</P> Thu, 31 Oct 2019 12:38:02 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/you-still-need-to-file-a-tax-return-regardless-of-whether/01/947568#M7370 TurboTaxKim 2019-10-31T12:38:02Z
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topic Do I still need to file my tax?or wait until I have earn some income?(next year) if I have no income, claiming for business lost and I can't get refund for my expenses. in Self-employed
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https://turbotax.community.intuit.ca/community/self-employed/discussion/do-i-still-need-to-file-my-tax-or-wait-until-i-have-earn-some-income-next-year-if-i-have-no-income/01/947567#M7369
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Do I still need to file my tax?or wait until I have earn some income?(next year) if I have no income, claiming for business lost and I can't get refund for my expenses.
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https://turbotax.community.intuit.ca/community/self-employed/discussion/do-i-still-need-to-file-my-tax-or-wait-until-i-have-earn-some-income-next-year-if-i-have-no-income/01/947567#M7369
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You still need to file a tax return regardless of whether...
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<P>You still need to file a tax return regardless of whether or not you are reporting Self-Employment income. You cannot file a tax return and claim a business loss if you were not "active" in your business and had no expectation of making a profit from it.</P><P>As for getting a "refund" for your expenses paid, any business expenses you have can only be used to reduce the actual business income you have earned. You can only receive an<B> Income Tax Refund</B> if you have actually paid income tax through deductions on your income sources. Business expenses do not provide you with a refund.&nbsp;</P>
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