Tax Year Prior to 2020: 1st yr LLC (filing as Scorp) no income only expenses in '16. Wife is W2 employee so we have net income, can I deduct my business loss on our 1040?

I'm a RE Broker, I opened the business in Q4 2016 and only had advertising, misc. set-up expenses and no income yet.  As I had no income, I also paid myself no salary.  How does this year's loss affect my personal return and next year's business return (1120s)?