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For a new business, can I fully deduct a capital expense from December 2023 in 2024?
If I open a new LLC in December of 2023, and purchase capital for that LLC in December, but don't make any revenue until 2024, can I fully deduct the Dec 2023 capital expense from my taxable income in 2024, without depreciating it over several years?
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‎December 14, 2023
2:46 PM