how to file taxes for a Home business with a loss?

how to file taxes for a Home business with a loss?

rachel b asked:


I have a small home business that I had a loss on this year. It is my first year having a business and was wondering if i could just file a 1040 ez since I had a loss.

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This entry was posted on Tuesday, April 8th, 2008 at 2:27 am and is filed under Home Business. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

3 Responses to “how to file taxes for a Home business with a loss?”

1. lola_falula Says:
   April 8th, 2008 at 2:31 am

   If you are running a home business, you should DEFINITELY get a CPA that specializes in business. You’d be ammmmmazed the things that will be deductable!
   Good Luck.

2. bostonianinmo Says:
   April 10th, 2008 at 8:57 pm

   No, 1040EZ is only for wage earners with W-2 wages. All self-employed folks must file Form 1040 and Schedule C at the very least.

3. Henrik E Says:
   April 13th, 2008 at 11:24 am

   If you have 0 (no) income, you can skip filing and add the expenses to next year or when you have income. Otherwise you have to file 1040 and schedule C