Get your taxes done using TurboTax

You can enter operating expenses even if you do not have income yet.   

• If your LLC is a single-member LLC, you only need one product:
  •  a personal edition, TurboTax Premium if using TurboTax Online.
• If your LLC is a multi-member LLC, you will need 2 products:
  • the business product,  TurboTax Business AND 
  • a personal edition, TurboTax Premium if using TurboTax Online. 

Please see this TurboTax Article -

• If you start a business, you can deduct the cost of items you purchase, like computers and desks, as well as organizational costs to get your business started such as legal and accounting fees.
• You typically would deduct start-up costs over multiple years rather than deduct their cost in the year they’re incurred.
• For property such as desks and computers, this process is called depreciation.  For non-property expenditures such as legal fees, this process is called amortization.
• Start-up costs are typically incurred during the planning and development phase of your business.  After that, they usually become operating expenses.