- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
You file a separate schedule C for each business.
The general rule is that business startup expenses are deductible in the year when active trade or business begins. Since you had no income-generating events in 2021, your startup expenses will become deductible in 2022, or in whichever year your new business begins to generate revenue.
‎April 4, 2022
1:09 AM