LTParis
07-02-2013, 03:30 PM
For about 9 months I have been running my business as just an extension of my person, a sole proprietorship. But I would like to change that up soon and "restart" my business as a LLC. I have some questions:
1. Is it possible to retroactively "start" my business for the purpose of taxes for last year?
2. Is it possible to claim capital investments retroactively?
I ask because I made significant capital investments (well significant compared to the money I made) last year and don't want to lose out on any tax benefit I may be able to obtain.
1. Is it possible to retroactively "start" my business for the purpose of taxes for last year?
2. Is it possible to claim capital investments retroactively?
I ask because I made significant capital investments (well significant compared to the money I made) last year and don't want to lose out on any tax benefit I may be able to obtain.