Business expenses incurred in 2024 for Franchise not open yet in 2025

[cp3375]

How do I enter travel expenses/legal fees incurred choosing and buying my  Franchise that I incurred in 2024 but is not open/in business but will be in 2025.  (Using personal Turbo Tax Deluxe?)

Also can I deduct any of the Franchise fee that I paid in 2024 or must I amoritize it all in 2025? 

I have found multiple questions about this on the site but am still confused how to enter this on our personal taxes. 

Thank you 

[Vanessa A]

If the business was not open until 2025, you cannot deduct any of the fees on your 2024 return.  You would need to add the expenses as start up expenses. 

You cannot claim them as personal expenses.