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- Startup cost_I had 1 company with 3 new centers in 2017 Up to $5,000 of these expenses are eligible to be expensed as a deduction. Can I use 5000.00 for ea center?
Startup cost_I had 1 company with 3 new centers in 2017 Up to $5,000 of these expenses are eligible to be expensed as a deduction. Can I use 5000.00 for ea center?
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juliacgoodman
Level 1
05-14-2020
11:32 AM
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TaxGuyBill
Level 15
05-14-2020
12:56 PM
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No. It is per business. Also, keep in mind that "Startup Costs" are for expenses before the business opened. So if the business already was 'open' (such as already having a location operating), there would not be any more Startup Costs for the "new" locations.
