Q&A: No Business Income, No Office Deduction: Wrong

Q&A No Business Income No Office Deduction - Copy

You may have heard you cannot claim a home-office deduction without business income. That’s not accurate, as I explain below. Points to Consider Claim business deductions with no business income. Even if your business did not generate income this year, you should claim all business deductions. Such deductions might create a net operating loss (NOL), […]