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. |