I have not used start up deductions, in previous tax years, for my business I started in 2012. Can I use $5000 deduction on a car I purchased in 2017 for cash?
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No, start up costs can only be claim in the first year of the business.
Click Here for Business Depreciation Information from TurboTax
No, start up costs can only be claim in the first year of the business.
Click Here for Business Depreciation Information from TurboTax
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