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Is equipment purchased in the process of starting an LLC tax deductible in the first year of operation? Ex. I purchase an iPad to start my calligraphy business.
I am starting a small business for calligraphy (single member LLC) and will be purchasing an iPad, some software, and some other tools/equipment. Can I deduct these costs as start up expenses in my first year of operation? What about general supplies like paper, ink, etc.
‎June 4, 2019
6:35 PM