Shopping Cart
Marketing
Financing

Q&A: Can I deduct business expenses incurred from before my LLC is legally formed?

Question by LTR: Can I deduct business expenses incurred from before my LLC is legally formed?
I have been doing contract work for a couple weeks and just recently paid LegalZoom to form my LLC. Since the LLC’s finalization is going to take at least a couple weeks, can I plan on deducting my business expenses I incur before the LLC is finalized? I figure since it’s a single-member LLC, taxed as a pass-through, and is technically a “disregarded entity” that this doesn’t matter but I want to be sure. I’d like to avoid tax fraud!

Best answer:

Answer by v b
You will continue to put the pre-llc business expenses on the schedule C.

Give your answer to this question below!