those of you who own your own business, and have claimed a loss - exactly how far do you take it?
Okay - my situaiton - now that I have totalled up my books (ahem ) I have a $63 dollar loss. This is just sales vs supplies that I have bought - not including my electricity for the house, depreciation on household equipment, cell phone, internet, ect......I could run this loss up bigger than schit.
Anyway, how far do you take it? I dont want to get dinged by the IRS, so I dont quite know. I do have receipts for all my food expenses - but I never did keep my electricity bills. Is that a huge problem?