Hello experts!
I am planning to start a flying charter business and am currently undergoing pilot training to obtain the necessary certifications, such as instrument flying and commercial certifications. I have not yet formed an LLC for my business, as I thought it would be prudent to complete my training first before officially starting the business.
If I were to establish an LLC tomorrow, would I be able to deduct the expenses associated with my pilot training as business expenses, even though I do not expect to generate revenue for the next year?
Thank you for your insights!
