Does the IRS allow me to use a "business start date" (in 2019) that is different from my (single member) LLC formation date (in 2018)?

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Does the IRS allow me to use a "business start date" (in 2019) that is different from my (single member) LLC formation date (in 2018)?

Yes.

The date of formation of a business does not have to correlate to the date the business started. This is typically as many businesses incur time and expense before their door actually open for business.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

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Does the IRS allow me to use a "business start date" (in 2019) that is different from my (single member) LLC formation date (in 2018)?

Does the IRS allow me to use a "business start date" (in 2019) that is different from my (single member) LLC formation date (in 2018)?

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