Can business start up costs be depreciated? I have a client who spent $30K in material and repairs to get the business operational.

[Terry53029]

See this link to get started.

https://www.irs.gov/newsroom/heres-how-businesses-can-deduct-startup-costs-from-their-federal-taxes

[chiodoinc]

Thank you.  I did read this article.  I just wasn't sure if I can use the description of start up cost and just use 15 yrs. or if I had to use a breakdown or how exactly to report this.

[Terry53029 · Accepted solution]

You can expense up to $5000, and you need to amortize the balance up to a max of $50000. here is a link for a great article with details.

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

[chiodoinc]

Thank you.  This is perfect.