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Deductions & credits
Most costs that you incur before you open your doors for business are startup costs, accept inventory, as you will report that as a cost of goods sold when you sell your products. So if you weren't open for business in 2021, you would combine all of your expenses together and then report them on your 2022 tax return as start-up costs.
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‎February 8, 2022
4:41 PM