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    Expense Remaining Unamortized Startup Costs

    freshy70
    Level 4

    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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    Accepted Solutions
    sjrcpa
    Level 15

    Are you sure it is not showing up on Schedule K on a separate line?


    The more I know the more I don’t know.

    View solution in original post

    4 Comments 4
    Accountant-Man
    Level 13

    Did you enter $0 for the sales price on the asset sheet?

    ** I'm still a champion... of the world! Even without The Lounge.
    freshy70
    Level 4

    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.

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    sjrcpa
    Level 15

    Are you sure it is not showing up on Schedule K on a separate line?


    The more I know the more I don’t know.
    freshy70
    Level 4

    Yes. It was showing up as a net section 1231 loss on the schedule K. Thank you