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Expenses prior to launch
I am working towards opening my own business, and have received a TIN for my LLC.
I am currently in the build-out phase and expect to open for business (i.e. generating revenue) in Spring of 2023. Expenses incurred to-date are all related to preparing the business for opening: supplies, furniture & fixtures, legal fees, design fees, tax filing costs, etc.
How are the expenses I've incurred in 2022 treated for deductibility on my 2022 (or future?) tax return?
Thank you
‎November 16, 2022
9:51 AM