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Purchases before forming an LLC

Varies

Can You Write Off Purchases Before Forming an LLC?

Short answer: Yes: costs you paid personally to start the business count as startup costs or contributed property once the LLC exists.

Keep receipts and record them as owner contributions.

Records to keep: Keep receipts, 1099s or W-2s, a mileage log, and a note of the business purpose. W-2 employees should ask about employer reimbursement.