Can I File w/ No Current Income But Anticipated Income?

Lena87 · #1 (**permalink**) 04-16-2016, 05:29 PM

I've been living in a temporarily-retired state for the past three years thanks to an unused college fund (I was able to fund my own tuition at the time), but anticipate a self-employed income of about 25,000 for the rest of 2016 based on what I made several years ago managing two home businesses. This is a niche market with a lot of assured clients, so I'm confident I can predict this income. Can, or should I file with anticipated income for the rest of 2016?

Wnhough · #2 (**permalink**) 04-17-2016, 05:21 AM

Quote:

Originally Posted by Lena87

I've been living in a temporarily-retired state for the past three years thanks to an unused college fund (I was able to fund my own tuition at the time), but anticipate a self-employed income of about 25,000 for the rest of 2016 based on what I made several years ago managing two home businesses. This is a niche market with a lot of assured clients, so I'm confident I can predict this income. Can, or should I file with anticipated income for the rest of 2016?

you need real/actual income to fiel your return