I have a LLC Partnership formed in 2016, expenses in 2016 are 12K, leases in 2016; however, DOORS OPEN in March 2017. I believed that I must file my LLC Business for 2016, list Start-up costs, and maybe amort. some costs. Correct? I am concerned that I need to show 2016 expenses rather than wait til 2017 and have expenses all way back to 2016
Using TT Home and business and purchased TT Business
You'll need to sign in or create an account to connect with an expert.
Yes, you may be able to deduct you expenses in 2016, click here for a Quickbooks article which has the specific rules.
Yes, you may be able to deduct you expenses in 2016, click here for a Quickbooks article which has the specific rules.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Kymbirle19
New Member
DARROW
Returning Member
TallerWinset
New Member
sksorenson0109
New Member
KCM95
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.