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Can a claim of loss of income be made on federal income taxes for starting a small business?
Wiki User
∙ 15y ago
Yes, your schedule C can show a loss.
Wiki User
∙ 15y ago
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Do you have to claim income less than 1000 on federal income tax?
I don't think you do.
Do you have to claim inheritance money on federal taxes?
Inheritances are not taxed by the federal income tax.
Do you have to claim a state tax refund on your federal taxes as income?
Yes. State refund must be claimed as income on your federal return.
How many dependents can you claim on a federal income tax return in Georgia?
3
Do you have to claim a federal refund as income?
No. But you must claim any refunds of State & local taxes that you deducted in a prior year.
Can you claim your pets?
only if they being used for live stock business
Do you have to claim income less than 1000 on federal income tax?
I don't think you do.
Do you have to claim inheritance money on federal taxes?
Inheritances are not taxed by the federal income tax.
Do you have to claim a state tax refund on your federal taxes as income?
Yes. State refund must be claimed as income on your federal return.
Can you claim mortgage interest on income taxes on your NY home and live in Florida?
On your federal income taxes, you are allowed to claim a mortgage interest deduction for your principal residence and one other residence of your choice. It does not have to be in the same state. In addition, you are allowed to claim the interest on all rental or business properties.
How many dependents can you claim on a federal income tax return in Georgia?
3
Do you have to claim inheritance money on taxes?
Inheritances are not taxed by the federal income tax.
Can you claim a business loss for 9 years if it gives you an income?
Yes.
Do you have to claim a federal refund as income?
No. But you must claim any refunds of State & local taxes that you deducted in a prior year.
Can I claim donations of cars to charity on my CT state income taxes?
No. The tax deduction will be on your federal income taxes instead.
If your child is 18 can you claim them on your taxes?
My child was in the Job Corps last year, can I still claim him on my federal income taxes as a dependant?
Do you have to claim federal tax refund on Oregon state return?
You do not have to report any income tax refund on any tax forms, it is not income.
