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Small Business LLC, Research & Development Expense (Form 6765)
I have a 1 member LLC and have incurred expenses in Research and Development of a product for which I own the patent. I have done various levels of prototype to refine and experiment on the performance of the design and I have used a University's Enterprise Program to support engineering science and to perform correlation experiments. I have read about Form 6765 for being able to document and claim these expenses, but am not finding this in TurboTax. Am I missing something? Or is there any means for me to claim these expenses?
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‎April 3, 2024
8:19 PM