Deductions & credits

Thank you very much for the response. 

 

To operate a drone commercially, you have to obtain a remote pilot certificate from the FAA. I obtained this in December of 2019. I didn't start commercial work until January of 2020. Sorry for the misunderstanding. 

I have not started my LLC yet. I am ready to pull the trigger but trying to see if it is advantageous to start this yet this year or wait until January 1, 2021.

 

In 2020, I did commercial work as a contractor/freelancer (not sure what the best term is). I didn't necessarily have a business (LLC) although maybe it is technically the case? Basically a company hired me to do commercial services for them. I am expecting a 1099-MISC from them in January of 2021. I was not an employee of this company, but they paid me for commercial drone work. I was using this as practice before I started my own company. 

 

To reiterate:

- Purchased the drone in July 2019 and practiced flying for personal use until the end of 2019.

- December 2019 I obtained my remote pilot certification

- In January 2020, I started commercial work as a contractor on the side of my day job until present day (Dec 2020).