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How do I handle startup costs with no income?
There is no income to report on the schedule C. Can these startup costs be posted with a lost or can the costs be postponed to a year where there is income?
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Do they still have inventory and is it still sellable? Because what you see is Asset (money) turned into Asset (stuff on hand). That's why you have no Startup Costs as Inventory. That's expenditure, not expense. That's not a cost until it sells, so that you match income against the cost, which gives you profit for that sale.
What else do you consider Start Up related?
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