caseyPham
Level 2
03-11-2020
09:31 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I amortized the Business Startup Costs (Type of asset: L, Amortized intangibles), now the business completely shut down, no sales of any assets. How can I claim these Business Startup Costs as loss?
Labels
IRonMaN
Level 15
03-11-2020
09:55 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Report the remaining unamortized cost as an expense.
Slava Ukraini!
caseyPham
Level 2
03-12-2020
08:03 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thanks, can you show me how to do report the remaining unamortized cost in ProSeries? What form you use?
IRonMaN
Level 15
03-12-2020
08:55 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You can always just show it as an "other expense" - amortization of startup costs.
Slava Ukraini!