I'm about to create an online business that will include a blog + membership + courses + youtube channel.
I planned to create my company this year (DBA or LLC), but I'm still not ready.
In the last few years, I've been creating courses and buying software that I need to make my website, create videos, etc. (start-up costs).
For tax purposes, It would be good to deduct these costs in the tax return 2022 because I made money through investments.
Next year, my only source of income will be my business, and I'm sure it will take some time to get any income so those deductions won't help much.
If I create my company before the end of 2022, will I be able to deduct those expenses? I won't start selling courses until 2023.
I read that the question is not when you create your LLC but when you act like a business. Is building a website enough to act like a business? Is adding information to my website (videos, tutorials, blog posts, etc.) to attract people (marketing) enough to deduct those expenses?
