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Old 03-21-2015, 11:46 PM
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Small Business

I have a small business that began in October of 2014, that incurred numerous expenses.I however, did not open for business until January of 2015, nor have I been able to net any sort of income from the new business as of yet. I also have a current day job that I pay income taxes on.

Questions:

Do I need to file the Schedule SE self employment tax form? Can I claim those expenses at all if I don't file a Schedule SE for 2014? How would this work? Can I deduct those expenses from my normal 1040?

Forgive me, I'm pretty new to this, so thanks for any help.



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