pkunal[at]yahoo.com wrote:

- quote -

Nope. Each year's expenses belong to the return for that
year.

ChEAr$,
Harlan Lunsford, EA n LA

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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.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >