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New Member
posted Mar 29, 2024 3:13:30 PM

How do i remove start up cost already input C corporation

how do I delete numbers already input for C corp startup costs section

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1 Replies
Expert Alumni
Apr 1, 2024 7:44:22 AM

Startup costs for a C-Corp are entered in TurboTax Business under Federal Taxes >> Deductions >> Business Expenses. Return to this topic and update the information to delete your entry for start-up expenses.

 

If you capitalized any portion of these costs, go to Depreciation of Assets and remove the entry for start-up costs.

 

However, if you reported these start-up costs in a prior year, you cannot remove them on the current year return. You would need to amend the return(s) where the costs were expensed or amortized.