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Self employed
@kfenwick wrote:
If a business owner has no income during the year in which they incur startup costs, they may still be able to deduct these costs on their tax return.
Start-up costs are not deductible prior to the taxable year in which the active trade or business begins per Section 195(b).
See also Publication 535 (2022), Business Expenses | Internal Revenue Service (irs.gov)
‎August 30, 2023
12:06 PM