Jobs & Education6 mins ago
Could I Write Off My Startup Expenses This Year Even Though I Have Not Had Any Revenues From My Startup Companies?
2 Answers
If you understand U.S. Income Tax Laws, please kindly respond:
This year I incurred startup expenses for some companies
I am in the process of establishing. My questions are:
1) Could I write off my startup expenses this year
even though I have not had any revenues from my startup
companies? (I do have interest income this year from my bank
account) Could I wait until next year?
2) If not, could I write off these expenses when
I realize revenues from my startup companies?
Thank you kindly in advance for your answers!
This year I incurred startup expenses for some companies
I am in the process of establishing. My questions are:
1) Could I write off my startup expenses this year
even though I have not had any revenues from my startup
companies? (I do have interest income this year from my bank
account) Could I wait until next year?
2) If not, could I write off these expenses when
I realize revenues from my startup companies?
Thank you kindly in advance for your answers!
Answers
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Regrettably, most of the US sites that seek to emulate this one (such as Yahoo Answers and Answerbag) are poorly moderated and full of spammers and trolls. However it might be worth asking your question on Quora, where there's a reasonable chance of finding a sensible answer to it:
https:/
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