Starting a New Business and Deductions

Itemized Deductions Schedule-A

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12-09-2014, 07:13 PM

gregnet

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Join Date: Dec 2014

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Starting a New Business and Deductions

I have roughly $12k in business expenses related to launching a start up. I am fully employed by another company and I don't yet have my LLC formed. Can I claim these start up costs on my personal taxes without an LLC or business liscense? If not can I start the LLC in January of 2015 and still claim the expenses from 2014?

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