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Author: ibarz Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 118626  
Subject: Business Tax Date: 3/22/2007 7:11 PM
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In 2005, I tried to start a sideline business so I included these in my tax returns (for a small loss).

But in 2006, I stopped this and basically had done nothing and got no revenue. I don't really want to file any claim regarding the business even loss. Can I just disregard this for 2006? Or should I do something like add a business tax return with zeros for the rev/loss.

Thanks

ibarz
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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 93208 of 118626
Subject: Re: Business Tax Date: 3/22/2007 7:54 PM
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In 2005, I tried to start a sideline business so I included these in my tax returns (for a small loss).

But in 2006, I stopped this and basically had done nothing and got no revenue. I don't really want to file any claim regarding the business even loss. Can I just disregard this for 2006?

Yes.

Phil

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Author: ibarz Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 93209 of 118626
Subject: Re: Business Tax Date: 3/22/2007 8:03 PM
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great. thanks, phil....

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