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How to file taxes with no revenue
I opened my restaurant this year, January of 2023 and it’s doing ok. I have a question about the expenses incurred last year without any income. I spent majority of my loan getting it ready. I spent roughly $200K renovating, inventory, equipments, supplies, etc. They were transactions from 2022, not 2023. Or can I use that to offset the income from 2023?
October 12, 2023
11:26 AM