TomD8
Level 15

Retirement tax questions

Since you don't yet have a going business, you need to familiarize yourself with the IRS rules regarding "start-up" costs.

https://www.irs.gov/newsroom/heres-how-businesses-can-deduct-startup-costs-from-their-federal-taxes

 

You might also want to read pages 27 and 29-31 of this IRS Publication:

https://www.irs.gov/pub/irs-pdf/p535.pdf

**Answers are correct to the best of my ability but do not constitute tax or legal advice.