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Level 2
June 1, 2019
Question

I started an llc on 12/31/2018 but did not get an EIN number until Jan 2019. do I file my expenses for the LLC for 2018 taxes of 2019. no profits this is a startup

  • June 1, 2019
  • 3 replies
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3 replies

Lisa995
Alumni - Champ
Alumni - Champ
June 1, 2019
You were open for business on 12/31/18?  
Is this a Single Member LLC?  Multi member?  Did you elect to be taxed as a corporation?
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
zanaria1Author
Level 2
June 1, 2019
no we were not open for business that was when the llc was established only have start-up expenses. partnership llc
Level 15
June 1, 2019

 If you have no income for 2018, you don’t file. You would claim your start up expenses on your first year‘s tax return that you have a gross operating income. There are several methods for claiming start up expenses depending on the type and dollar amount.