Hello,
my wife and I created a LLC around June 2019 to rent a house. However we got delayed in our projects, and we only put this house on the market for rent mid-January 2020. Hence, no income for the LLC in 2019.
In the book "Every landlord tax deduction guide" from Nolo, I read this: "A new business begins for tax purposes when it starts [...] to perform the activities for which it was organized. For a rental business, this is when you first offer property for rent"
Does this mean that right now I have nothing to file regarding taxes for this LLC? In other words, I can file my taxes as if this LLC did not exist as from the IRS point of view it started existing mid Jan 2020?
Thank you for your advice,
Kanabar
