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idiperno
New Member

I registered a small business in 2024. I have startup costs and expenses. I have not received income for this business yet. Where do I enter "0" for self-employed income?

 
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1 Reply
Vanessa A
Expert Alumni

I registered a small business in 2024. I have startup costs and expenses. I have not received income for this business yet. Where do I enter "0" for self-employed income?

If you are a single member LLC, and you did not have any income in 2024 as you were not yet operational and open for business, you do not need to file a return for the business.

 

In 2025, if you are operational and have income, then you would include any expenses you had as start up costs on your return for 2025. 

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