Startup cost deferred to 2nd year?
2nd year, the business became active, so would you then
Exp 1st 5k and amtz bal over 15 yrs?
2nd year, the business became active, so would you then
Exp 1st 5k and amtz bal over 15 yrs?
Yes.
good info on startup costs: https://www.thetaxadviser.com/issues/2017/sep/deducting-startup-expansion-costs.html
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