AliciaP1
Expert Alumni

Business & farm

Yes, you qualify as a partnership in this case.  Until you have income, you do not need to file a tax return.  The costs you have incurred in the creation of the business should be categorized as an intangible asset, Start-Up Costs, and deducted as allowed once you start earning income.

 

For more detailed information see Business Start-up and Organizational Costs.

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