Form 8829 Carryover from Operating Expenses from 2005?

Feb 27, 2007 1 Replies

Tax: Form 8829 Carryover from Operating Expenses from 2005?



I was setting up my business in Nov 2005, developing my website, registered the business with state, bought some stationary etc. The total expense was $131 but no income was done in the business. The Tax Preparer told us not to do anything with the business since there was no income. Now in



2006 I wish to claim those expenses on my Tax return. But the form explicitly mentions "Carryover of operating expenses from 2005 Form 8829, line 41". I did not file any Form 8829 in 2005. Can I still fill in $131 on this line? Please let me know at the earliest.



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Nope. Each year's expenses belong to the return for that year. ChEAr$, Harlan Lunsford, EA n LA

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