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posted Jun 7, 2019 4:36:24 PM

I am required to file form 195(b)(1) to amortize startup costs. It is a simple dog setting business and has no startup cost. How do I fix the return?

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1 Replies
Employee Tax Expert
Jun 7, 2019 4:36:26 PM

If you do not wish to make the election to amortize startup costs (195(b)(1), you can remove the form. 

  • Select Tax Tools, Tools, Delete a form
  • Scroll list for the form (Election to Amortize Startup Costs)
  • Delete the form

Note: Once a form is deleted it is gone for good.