You are entitled to deduct your business expenses even if you have not generated any revenue. The loss created will reduce your other taxable income, if you have other income.
I am assuming you are a single member LLC in that you are the only owner of the WY LLC. If yes, you do not file a separate tax return for the LLC, rather the business financial activity is included in a Schedule C (self-employment) form on your personal 1040 tax return.
i hope this is helfpul to you.
Kelly C.
CPA
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