Deducting and Amortizing Start-Up Expenditures

[taxgirl0216]

I am completing a partnership return that has start-up expenses under $50,000. I am looking to deduct $5,000 in the current year and amortize the rest over 180 months. I have entered each asset, the date incurred and the expenditure amount on the screen for "Deemed Election to Amortize/Deduct Start-Up Expenditures". But when I print the return, I see no evidence of this deduction.

[Just-Lisa-Now-]

I just opened a dummy return and input some amortized start up expenses, I see the figure flow  to the 4562, but I dont see it go anywhere else either.  Im not that well versed in Partnership returns, but I just dont see the figure anywhere.

[Terry53029]

Go to asset entry worksheet, enter info use code Z for type of asset. Scroll to bottom of form and enter asset type 15 years SL. That should do it, and the deprecation will flow to 1065 page 1-2

[taxgirl0216]

Thank you for your response. Any ideas how I can get the $5,000 of allowable expensed start up costs to show up as “start up costs”. Only idea I have it’s to manually enter it on Page 1 of the 1065 line 20. 

[Just-Lisa-Now-]

Thats what you do on a Sch C, put it in as Other Expenses.

[renee]

There is no "Z" in the "type of asset box.