Business & farm

HI @PatriciaV - Thank you for all your help and guidance.

I bought the property and created the LLC in 2023. Property is not in the name of LLC yet and it was not rented at all in 2023. I got the tenants in Jan'2024.

 

Now, a couple of questions:

1. Do I still have to file the tax return for LLC even though there was no activity in 2023 except the start-up cost?

2. Can I claim my LLC start-up cost expenses next year?

 

Thanks