https://ttlc.intuit.com/community/taxes/discussion/re-self/01/2792946#M1029175 <P>Yes.&nbsp; If you operated a business or practiced your profession as a sole proprietor, report your income and expenses on Schedule C.&nbsp; The expenses have to be reasonable and actually paid by you in order to report these expenses on Schedule C.&nbsp; These expenses are reported in the year paid by you.&nbsp; The IRS generally wants you to be able to prove that you are actively engaging in making a income and profits in this business.&nbsp; &nbsp;Otherwise, the IRS may disallow the losses associated with that business as a hobby.&nbsp;&nbsp;</P> <P>&nbsp;</P> <P>Limited liability companies (LLCs) are not recognized as an entity in the IRS tax code.&nbsp; Therefore, the above response would not change if you whether you were an LLC or not.</P> <P>&nbsp;</P> Wed, 16 Nov 2022 22:10:37 GMT LarryL20 2022-11-16T22:10:37Z https://ttlc.intuit.com/community/taxes/discussion/self/01/2792339#M1029174 <P>If I don’t have an LLC established yet but I’m planning on starting a business and have already made expenses contributing to that? Can I write them off already?&nbsp;</P> Tue, 10 Mar 2026 06:52:39 GMT https://ttlc.intuit.com/community/taxes/discussion/self/01/2792339#M1029174 Aaronvilla97 2026-03-10T06:52:39Z https://ttlc.intuit.com/community/taxes/discussion/re-self/01/2792946#M1029175 <P>Yes.&nbsp; If you operated a business or practiced your profession as a sole proprietor, report your income and expenses on Schedule C.&nbsp; The expenses have to be reasonable and actually paid by you in order to report these expenses on Schedule C.&nbsp; These expenses are reported in the year paid by you.&nbsp; The IRS generally wants you to be able to prove that you are actively engaging in making a income and profits in this business.&nbsp; &nbsp;Otherwise, the IRS may disallow the losses associated with that business as a hobby.&nbsp;&nbsp;</P> <P>&nbsp;</P> <P>Limited liability companies (LLCs) are not recognized as an entity in the IRS tax code.&nbsp; Therefore, the above response would not change if you whether you were an LLC or not.</P> <P>&nbsp;</P> Wed, 16 Nov 2022 22:10:37 GMT https://ttlc.intuit.com/community/taxes/discussion/re-self/01/2792946#M1029175 LarryL20 2022-11-16T22:10:37Z