What is the name of your state (only U.S. law)?
New Hampshire,
In Sept. 2009 I purchased some new dive gear and a boat. Shortly after, I found myself doing some marine salvage and recovery work for friends and customers. I have decided that I want to form a company and sell my services to the general public. My question is this.... If I form a company in Jan 2010 can I deduct the equipment purchases I made in 2009 prior to actually being incorporated? I don't know if it matters or not but, I do have income that I plan on declaring for 2009 which is directly related to this type of work.
clnh
New Hampshire,
In Sept. 2009 I purchased some new dive gear and a boat. Shortly after, I found myself doing some marine salvage and recovery work for friends and customers. I have decided that I want to form a company and sell my services to the general public. My question is this.... If I form a company in Jan 2010 can I deduct the equipment purchases I made in 2009 prior to actually being incorporated? I don't know if it matters or not but, I do have income that I plan on declaring for 2009 which is directly related to this type of work.
clnh