ptax255
Level 7
a week ago
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Hi, client has had business expenses since 2022 trying to build and market an app that never launched. In 2024 this was abandoned. None of these expenses (mostly marketing and office supplies and software) were previously deducted so now, if I'm not mistaken, they would be reported on form 4797 as a capital loss. Where in proseries do I enter this? Schedule C? As an asset? If the latter - what type? Thanks!
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