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lboleary
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If I legally created a business in August of 2019,but had no income, do I include it on my tax return this year. Do I add my $700 in start up costs?

It was an LLC created for my mobile notary business.  Company didn't officially launch until 2020.
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If I legally created a business in August of 2019,but had no income, do I include it on my tax return this year. Do I add my $700 in start up costs?

You will report your start-up costs when your business is officially open for business, which appears to be the 2020 tax year.

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If I legally created a business in August of 2019,but had no income, do I include it on my tax return this year. Do I add my $700 in start up costs?

You will report your start-up costs when your business is officially open for business, which appears to be the 2020 tax year.

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