I closed my business and I have amortized startup costs not cleared. How can I clear them? Business started in 2014 and closed 2017. The costs amortized for 15 years.
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1 Best answer
MinhT
Expert Alumni
Jun 5, 2019 2:56:08 PM
If you closed your business in 2017, you can deduct the remaining unamortized start-up costs as a business expense in 2017. report them in Miscellaneous expenses and describe them Unamortized start-up costs on closing of business.
1 Replies
MinhT
Expert Alumni
Jun 5, 2019 2:56:08 PM
If you closed your business in 2017, you can deduct the remaining unamortized start-up costs as a business expense in 2017. report them in Miscellaneous expenses and describe them Unamortized start-up costs on closing of business.