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Self-Employed: Expenses with no commission income
My friend has commission income and expenses every year. In 2023, unfortunately, there was no income but a lot of expenses. I read earlier that you can add your expenses under Schedule C, if you have zero commission income in the year. Is this the only way?
I tried to find Schedule C in the Search, unsuccessfully. Does it only come under a certain condition?
Thank you in advance for your answers!
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posted
August 21, 2024
8:05 AM
last updated
August 21, 2024
8:05 AM
1 Reply
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Self-Employed: Expenses with no commission income
Is your friend in Canada or the US? Is their business incorporated?
October 9, 2024
10:47 AM