Tax question

[Dan Simpson]

I recently ((Oct 2015) started investing in RE and formed an LLC. I have bought two houses that I am going to flip. Both are currently on the market.

The first house consisted of a lot of fix up, much of it done by me. I have kept a spreadsheet consisting of all expenses. Materials, labor paid to people who also worked on the house, miles driven, etc.

My question is - and this may seen like a naive newbie question - can I use this to help save money on my taxes? I can't show any income for the LLC because I haven't sold a house yet (and obviously not in the year 2015) but I do have a spreadsheet of expenses. Will this do me any good when I go in to do my taxes for 2015?

Thanks!