The answer is still the same. If you have start up costs in 2020, but your business is not active until 2021, then you will deduct your start up costs in 2021. Depending on the amount of the costs, they might be Deductible as an expense in 2021, or you might have to amortize them over 15 years. You have a bit more flexibility with treating your start up costs if they occur in the same year that your business is first active. But ultimately, it depends on much more then income taxes. If you hold off on your start up expenses, will that delay the start of earning income? Will your start up costs be $5 for business cards or $100,000 to lease a store and buy equipment and furniture? We can’t really advise you on your specific situation.
