Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
H
howard-dodd
March 17, 2025
Question

I registered a company in dec 2024 that provides technology consulting and software development. I have startup costs. What do I file?

  • March 17, 2025
  • 1 reply
  • 0 views
Spent money on building software but don't have revenue yet. Do I file schedule c with startup losses for yr 1?

1 reply

V
Vanessa A
March 17, 2025

No.  You do not file a Schedule C for your start up losses. For 2024, there is nothing for you to file tax wise if you were not operating in 2024.

 

Your start up costs are entered on your first years return when you actually start operations.  So, if you were not actually operating in 2024, and you are in 2025, then you would enter these costs on your 2025 return.  When you set up your business profile, you will be able to say you have start up costs and then TurboTax will walk you through the entries for them. 

Start up Business Tax Tips

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
TurboTax Sign In Widget
TurboTax flag icon

Unlock tailored help options in your account

Create an account
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

TRUSTe nResult Certified e-File C-Level Security Certification