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Closing a business

dr58lj15
Level 2

If a close a business, and we amortized start-up costs, where do I recapture the startup cost that has been taken to date?   Or do I have to?   The system indicates of course that Dispositions of intangible cannot be entered as a section 1245 property.

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Camp1040
Level 11

You generally expense the unused start up cost in the year of closing.