I bought a franchise last year. I had a lot of expenses but no income. What
can I deduct without amortizing: franchise fee, LLC tax, legal, travel, meal, office
furniture (cheap) and supply, car expenses.
Also, I want to deduct a home office expense. I spent a lot
of time at home researching different opportunities before deciding what
franchise to purchase. For the question
asking when did I start using a home office for work can I put the date prior
to when I officially signed the agreement? Do I need to have any business
income to actually use this deduction? Thank you so much!
