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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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‎February 21, 2022
10:16 AM