Start up Business Expenses in December

[babe8]

Husband has LLC with only startup costs - can we push the start up expenses  to the following year without completing an amendment?

My husband incurred startup expenses in December 2017 for a company he started in January 2018. He filed an 1040EZ in 2017.  The startup costs exceeded $10,000.  We are trying to figure out if we need to do an amendment for 2017 or can we claim all of those start up expenses on the 2018 return.  Or If there is a different less stressful option please tell.  Thank you.

[babe8]

My husband incurred startup expenses in December 2017 for a company he started in January 2018. He filed an 1040EZ in 2017.  The startup costs exceeded $10,000.  We are trying to figure out if we need to do an amendment for 2017 or can we claim all of those start up expenses on the 2018 return.  Or If there is a different less stressful option please tell.  Thank you.

[AmeliesUncle]

If the business started in 2018, they need to go on the 2018 tax return.

[KarenM90]

It depends.  Generally, Start-Up expenses can be deducted/amortized when your business "starts up."

Whether you have the option to deduct or amortize them will depend if your business "starts up" that first year, and also on what types of expenses they are.

Here are two article that will help you figure that out:  Start Up Business Tax Tips

IRS Start-Up Expenses:  IRS Publication 535  Please scroll down to Amortization and Business Start-Up Expenses to determine what types of expenses you have to determine if you need to amend, or begin to amortize them in the year your business starts.