I have an unusual Fed Tax question that I need some advice on.
I did have income prior to 2007, and will have income this
and years forward. But 2007 was a zero-income year due to a planned
move to another state, then a near death illness that knocked me out
for the rest of the year.
Will I still be able to deduct business expenses incurred during the
off year? I had several domain and web server fees to keep up, I went
to some training courses and seminars and started developing business
relationships in the new location. I also took advantage of an
opportunity to upgrade some of my capital equipment
Any comments would be appreciated
Thanks in advance...
MannMade Digital Video