Charcoal
12-04-2019, 08:31 AM
Hello - I started a company about three months ago. I have made zero profit so far. I am in startup mode buying advertisement items, equipment, etc. At this point, I've spent about $1500. I am buying a truck for $37,000 next week. Can someone tell me how I should file taxes? Do I just the expenses and the cost of the truck on a Schedule C and include it with my personal taxes? All the funds I've spent and truck cost are coming from a loan I got to start the business.
I am new to all of this, so please excuse my ignorance.
I am new to all of this, so please excuse my ignorance.