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.
2007-03-23 10:15:14 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
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. :)
2007-03-23 10:23:04 · answer #1 · answered by lola_falula 2 · 0⤊ 2⤋
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.
2007-03-23 10:23:37 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋
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
2007-03-23 13:59:11 · answer #3 · answered by Henrik E 2 · 0⤊ 0⤋