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Small business tax deduction?

Question: Small business tax deduction?

(Posted by: socalmark on 2009-04-15 09:37:09)

I started a business last year in a home office. Is it true that expenses resulting in a loss are carried over to the following year for a 1st year business? It was a loss of about 5000k for the year. The revenue was about 500, and about 5500 expenses (including porportion of rent).


Posted by: v b on 2009-04-15, 09:46:40

Did you actually have any revenue? What did the loss consist of?


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