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Hi, my name is Mark. I will be happy to help you with your questions. Did you have any costs associated with the business?
Do you plan on doing anything with the business in the future?
If you are a single member LLC and did not make an election to be treated as a corporation you would want to report these amounts on a Schedule C. You are able to expense up to $5,000 of organization costs. The remainder would be amortized over 15 years. However, if you close the LLC you would expense the entire amount.