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Level 6
March 15, 2026
Solved

Form 8829 increasing losses but no business income

  • March 15, 2026
  • 2 replies
  • 14 views

My understanding was that Form 8829 only can reduce income from a business (Schedule C). 
Gross income is $0

Business is in it's first year of operation. 

Can you explain why Form 8829 would further increases losses?

Best answer by parvitstax

Just read that Mortgage Interest and Property Taxes are special cases which can count as additional expenses on Schedule C bypassing Form 8829 limits. 

2 replies

parvitstaxAuthorAnswer
Level 6
March 15, 2026

Just read that Mortgage Interest and Property Taxes are special cases which can count as additional expenses on Schedule C bypassing Form 8829 limits. 

sjrcpa
Level 15
March 15, 2026

If it is the first year and gross receipts are -0-, has it really started business yet?

The more I know the more I don’t know.
Level 6
March 15, 2026

Date business started is very loosely defined. It can be as simple as registering the business and as direct as the day you opened the doors or earned your first $. Anything in between counts as a start date.