OK. lets say that startup company (c corp) started business in 2017 but has not generated any revenue/income. What would be a point of start-up and organizational cost deduction on form 1120 where there is no income?
But if next year brings in revenue, would not it logical for company carry forward start-up and organizational cost deduction for future income year (rather than deducting it in first no-revenue year and no benefit)?
Or maybe I am making mistake here in my analysis. maybe it is in first year ---- income (0) - $ 800.00 (start-up cost) = $ -800.00 and then this amount been carried forward?
