Hey Alicia thanks for the reply but the question was more so about situations where expenses are higher than total income. How do these expenses "carry over" as I have heard from CPAs that I can just carry over additional expenses to offset future profits?
And to be exact, I actually incurred $5,012 of startup costs. These costs happened after LLC formation so they're not by definition startup costs (per turbo tax as I was going through that business startup section).
