1120S final return. How do I expense the remaining unamortized startup costs? I entered date of disposition as 7/30/2024 when the businesses closed, but I only get regular amortization still.
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Did you enter $0 for the sales price on the asset sheet?
No, but I did enter -1 now because I see where it says to enter -1 if sale price is zero. But now change. Still limited to current year amortizaton.
Are you sure it is not showing up on Schedule K on a separate line?
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Yes. It was showing up as a net section 1231 loss on the schedule K. Thank you
