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Returning Member
posted Mar 7, 2022 5:51:43 PM

Dog breeding business questions

We purchased a puppy in 2021 for the purposes of starting a dog breeding business. We won't start breeding her until 2023. I have a few questions:

1. Can we claim all expenses related to our puppy for 2021 even though we won't have any income to claim?

2. Is it possible or better to claim these expenses once we start selling puppies?

3. Where do I setup our business information in Turbotax?

4. We have a business name we have registered in BC. Do we use that information when setting up our business in Turbotax?

5. Can we claim the expenses to register a domain name?

Thanks for the help.

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1 Replies
Returning Member
Mar 27, 2023 8:32:42 AM

Bump. Still looking for input on this. We will start breeding our puppy this year.