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Expenses in 2024 but LLC Filed in 2025 for Independent Consulting
I created my LLC on Paper in California on 2nd January 2025. I had some start up expenses where I travelled internationally to meet clients and also drove some miles here in USA to start up my business.
Can I deduct those expenses for 2024 year in my current return as the actual expenses were in 2024.
I do agree 5000 is the start up expenses but there were some additional ones that I actually incurred prior to forming LLC on paper.
It was mainly related to meet all the clients, customers, market survey etc.
Please guide.
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March 29, 2025
4:02 PM