Taxes for New Business: Write off Initial Expenses with No Income?

I just formed a new single-member LLC in 2007 that'll use my Social Security # to file on Schedule C.

I had expenses relating to getting it setup (incorporation fees, etc) plus initial costs
(computer equipment mostly - its an IT related business), but have not earned any money from the business yet.

How do I write these expenses off (I'll be using TurboTax)? Is it going to be a red flag for the IRS
that I'm writing off expenses but haven't earned any money from it yet?

Thanks!

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