I've created a multi-member LLC, registed as S-Corp in NV state for Rental properties in 2024, but did not invest in any items in 2024. I'll start investing in 2025, could I push the startup cost deductions to 2025 tax deductions & please provide info??
014218
1 Replies
Mike9241
Level 15
Jan 20, 2025 12:05:07 PM
since the activity didn't start until 2025, you can not write off or amortize start-up costs in 2024