I, like a lot of people, started my own business in 2020, trying my hand at it. I recently decided to make it official and am in the process of getting an EIN. I know that this term's tax filing is over so I wanted to know:
1. Can I deduct the start-up expenses starting from 2020 next year or is it too late? I started buying products for it in 2020 using my stimulus money.
And 2: Would I be better off using a professional to fill out my taxes for me?
