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Question

can i claim expenses for a small business i have not opened yet

Forum|Forum|11 months ago
April 8, 2025
1 reply
0 views

i purchased a place for business in February 2024, however it needed a lot of work and so i could not open in 2024. can i claim any expenses related to this?

TurboTax Online

No. You cannot claim the expenses until you open the business. When you do open the business, you can claim these as start up expenses. This means you will still be able to claim the expenses, just not in the year you put the money out.

Start-up Business Tax Tips

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