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Updated almost 8 years ago,
When can I begin to Write off business expenses?
Hello Community! I am just starting out in the real estate investing world and am currently looking for my first investment property. I'm planning to form a LLC as soon as possible. My question is, as soon as I form my LLC, can I begin to write off taxes? Or does there need to be a property under the LLC's control?
What are the minimum requirement to begin writing off taxes used to grow my business?
Thank You!