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Business & farm
Got it. So I don't need to do anything for my 2021 taxes, correct? Would this be different if both my wife and her business partner paid for the equipment equally to start the business before the LLC was formed? If so, then I don't know why I wouldn't deduct these expenses this year since technically the other business partner just bought the equipment needed a few years earlier.
March 6, 2022
8:54 AM