A friend and I currently have day jobs, but one day had a great idea to start an endeavor together. We started a website, registered domains, applied for patents and trademarks (+ legal fees), bought demo hardware, and traveled to meetings in an effort to try and sell our idea/intellectual property.

An outcome of one of the meetings was to form an LLC to make it legitimate. So we did.

Since we have formed the LLC, we have had no activity (income or expenses); therefore, for this year's taxes we were going to fill out a 1065 with all $0s.

Question 1: Can we expense/deduct our pre-LLC expenses (~$5300)?

Question 2: If yes to Question 1, where exactly?

Thanks for any help in this matter.


Side note: In the future we antipate more legal fees, operating fees, but no income. I don't foresee any income until we sell our intellectual property or shift gears to our book writing idea.