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raperr4
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If LLC Partnership formed in 2016, 10K expenses in 2016, DOORS OPEN in 3/2017. Should I file my LLC Business for 2016 and list Start-up costs?

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

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RichardK
New Member

If LLC Partnership formed in 2016, 10K expenses in 2016, DOORS OPEN in 3/2017. Should I file my LLC Business for 2016 and list Start-up costs?

Yes, you may be able to deduct you expenses in 2016, click here for a Quickbooks article which has the specific rules. 

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RichardK
New Member

If LLC Partnership formed in 2016, 10K expenses in 2016, DOORS OPEN in 3/2017. Should I file my LLC Business for 2016 and list Start-up costs?

Yes, you may be able to deduct you expenses in 2016, click here for a Quickbooks article which has the specific rules. 

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