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Level 5
October 21, 2021
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Startup cost deferred to 2nd year?

  • October 21, 2021
  • 1 reply
  • 13 views

2nd year, the business became active, so would you then

Exp 1st 5k and amtz bal over 15 yrs?

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Best answer by Terry53029

Yes.

good info on startup costs: https://www.thetaxadviser.com/issues/2017/sep/deducting-startup-expansion-costs.html

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Intuit Community Champion
October 21, 2021