Hal_Al
Level 15

Business & farm

 Yes, you add this activity to your personal tax return. A single member LLC is a "pass thru entity" for tax purposes.  You report your income and expenses on Schedule C. 

 

If you were "open for business", then you may deduct the expenses on Sch C, even though you have no income.  Otherwise, those expense are "start up costs" and amortized (deducted) over a 15 year period