Schedule C would be the right place, since this business venture is neither a partnership nor a corporation. And I'll assume it's not a farm or rental of real estate (which would go on schedules F and E, respectively.)But the real questions is if you can deduct these expenses at all. It sounds like these might be start-up expenses. Those are deductible only after you actually start the business.One of your stops as you start getting ready to go into your own business should be with a qualified tax pro to go over these kinds of issues. They can also help you decide what form your business should take - proprietorship, LLC, C corporation, or S corporation.--Peter
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra