TomD8
Level 15

Get your taxes done using TurboTax

Regarding forming an LLC, I suggest you consult a tax attorney.  There are some tax issues you'll need to decide.  This IRS reference will give you an idea of what's involved:

https://www.irs.gov/businesses/small-businesses-self-employed/llc-filing-as-a-corporation-or-partner...

 

This reference explains the IRS rules on LLC start-up expenses:

https://www.upcounsel.com/llc-start-up-expenses#:~:text=Federal%20tax%20laws%20allow%20LLCs,on%20sta....

**Answers are correct to the best of my ability but do not constitute tax or legal advice.