I will be paid once I complete work beginning in June and will have earned business income. My question is about end of you tax reporting. Is my time spent in the start-up activities I described a tax deductible start-up cost, and if so, how do I value my time. And is my time spent in required training/meetings after I begin earning income a tax deductible business expense? I know my time in completing the contracted work is not deductible.
