You can, and if you are self employed you can capitalize those losses under various circumstances. If you have even the slightest inclination to create somethin

You can, and if you are self employed you can capitalize those losses under various circumstances. If you have even the slightest inclination to create something you think might sell one day, you probably should, if only for the purposes of establishing a tax basis for what you create. (This was a lesson learned somewhat expensively for me.)