Hello, in 2023, I established two LLCs (in two different states) for the purpose of buying and selling rental properties. Each LLC is a subsidiary of a holding company, which is also an LLC in a third state. The holding company is the sole member of each LLC, and I am the sole member of the holding company. Each LLC had some basic expenses (registration, registered agent fees, etc.) in 2023, but did not purchase any properties, and received no income.
If these expenses are not yet linked to a specific property, may I still deduct them as business expenses? Would I do that with a Schedule C?
