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Author: winker Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Self employed - no income first year Date: 2/11/2009 9:14 PM
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I'm planning on wading through all the IRS stuff, but basically would like to know:

My spouse retired from teaching last June and is planning on being a self-employed statistical consultant. She had no income last year, but spent a couple of thousand dollars on "startup" type things like buying a computer and traveling to a few statistical conferences mostly to make business contacts. I *think* these are deductible as a business expense; am I correct?

She already has income for this year, so it shouldn't look too bad from the IRS point of view.

Larry
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