All Forum Posts by: Raja Gupta

thanks so much for all the responses. 

I am planning to get an app developed for real estate. I don't think this app will make any money for at least two years. I would like to expense the app development expense for these two years. I am thinking of setting up sole proprietorship structure

1) I have hired a firm offshore for software development. Can I expense the software development expense to bring down my taxable income from my full time job. Is there a limit to how much can be expensed ?

2) If I cant expense the whole software development expense? then the question is..

I have some bonds which generate consistent interest income. Can I transfer them to this sole proprietorship structure and use the interest from them to pay for software development expense and hence create a tax advantaged structure ?

Thanks so much for your response.