Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 4, 2025 7:00:56 PM

During the federal review section, I am being asked to fill out IRC Section 195(b)(1) to amortize startup business expenses, but I don't have any. Where is the problem?

0 1 1034
1 Replies
Expert Alumni
Mar 5, 2025 4:52:09 PM

You might need to review your business entries, specifically your business assets. Make sure you didn't accidently choose the wrong asset type. 

 

Also check your answers to the Business Profile questions. If this is not the first year for this business, make sure the box for "Started work in 2024" or "Acquired Business in Current Year" is not "yes" or checked.