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02-17-2009, 09:26 PM
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|  Can U apply ur tax deductable business expenses toward a salaried job assuming you didnt make money in busines? I have a full time job and a sole proprietorship, but if I don't make money on my business, can the tax deductible expenses incurred from my business be applied to my salaried income? Thus reducing my taxable income for the year? Powered by Yahoo Answers |
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02-19-2009, 03:02 PM
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| No, you business is separate from your full time job. My guess is you report your business on schedule C so all you can do is carry forward any business loss to apply against future business profits. Powered by Yahoo Answers |
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