MikeInChicago
Returning Member

Deducting business expenses the year after a business is sold

Hello.  I sold my business (an LLC) in 2019 and filed the final 2019 Form 1065 business return in early 2020. During 2020, I paid out of my personal bank account outstanding ordinary business operating expenses of approximately $20k. Can I deduct this $20k on my personal 1040 for 2020? If so, where does this get reported?   I was the managing member of this LLC.  Thank you!