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Updated over 7 years ago,
Taxes for a new LLC at the end of the year... Looking for advice
Hello everyone!
So I just recently formed a LLC. We are getting close to the end of the year and I was starting to think about the taxes. I have yet to Flip or BRRR which I intend to this year. So end of the road the LLC at this point I will be clamming nothing but a goose egg. BUT I was thinking as far as taxes go, I am putting in a lot of time and money in getting it launched ie: new computer, new phone, Mailing campaigns, Driving for dollars and all that good stuff . Am I eligible to Claim any of this for my LLC. Might be a dumb question but figured I would blurt it out here before hiring a CPA for $0s made....