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cmlucey
New Member

I paid 17000 for amazon business coaching with my startup business. Is all or part deductible? My profit for the business is only a fraction of that amount in 2017

I have filed a breach of contract complaint

With this company but have lost my investment 

1 Reply
DanO
New Member

I paid 17000 for amazon business coaching with my startup business. Is all or part deductible? My profit for the business is only a fraction of that amount in 2017

Unfortunately, this is not a deductible cost as it was to qualify you for the type of business you started.

The IRS allows for a $5,000 startup costs and $5,000 organizational cost, but only if your total startup is $50,000 or less.

Click here for 3 Tax Deductions Available for Startup Business





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