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Business & farm
@Mike9241 wrote:the business doesn't start until the property is ready for rental which you say will be 2020
The struggle is that to get a federal tax id number (in order to comply with the local state LLC annual reporting requirements), I have to select a business start date. I doubt I can put a future date (in 2022 when I'll have rental income), so I imagine I'll put the LLC creation date. But the "business" of renting won't happen until 2022, so can I take the start-up expense deduction then?
‎June 15, 2021
4:05 PM