Can i take deductions for a home based business beyond the revenue i brought in?
I under withheld in my regular full time job and owe alot in taxes...i have a part time home based business that i spent alot more on than i made, can...
I under withheld in my regular full time job and owe alot in taxes…i have a part time home based business that i spent alot more on than i made, can i use deductions to offset the revenue as well as lower my gross income from my regular job? I read u can only use the deductions up to whatever the revenue was for the home based business?