"No. I understood what it meant."

What "what" meant? I don't even know what this refers to.

"I wanted to know the tax implication of recording the transactions without any business income in a client's tax return if any?"

What transactions would that be?

That isn't anything like what you asked. There are no "the transactions" until you participate.

We can't answer your original issue: "How can this be accounted for?" without more details, which we asked about. This is not FAQ topics or even customer support.

"Why or why not?"

This is not a Theoretical Analysis. We need details, if you want answers. It's a discussion with you and you started the topic and you would need to participate.

As was stated: "Maybe you need to start at the beginning of the situation and explain what you're working on."