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Business & farm
You will not file a SCH C until the tax year your LLC is actually "open for business". All expenses incurred prior to being open for business are start up expenses, and can not be claimed/reported until the tax year you are open for business. It does not matter if the statup expenses were incurred in prior tax years either. Point is, nothing can be claimed until the tax year you are actually open for business.
‎January 10, 2024
3:13 PM