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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.
‎July 9, 2023
1:49 PM
1,110 Views