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oksana
New Member

Is business license fees considered to be a sturtup costs for sole proprietorship?

Having sole proprietorship opened for less than a year (started in 2018), I wonder what section of TurboTax app I should add expenses for things like Fictitious business name advertisement, city zoning fees and business lic fees. Technically I paid those expense before business was opened, from my personal bank account. Is it considered to be a startup costs, or just regular business expenses? Thank you



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MinhT
Expert Alumni

Is business license fees considered to be a sturtup costs for sole proprietorship?

These expenses are not start-up costs. They are regular business expenses.

Start-up costs include any amounts paid or incurred in connection with creating an active trade or business or investigating the creation or acquisition of an active trade or business.

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1 Reply
MinhT
Expert Alumni

Is business license fees considered to be a sturtup costs for sole proprietorship?

These expenses are not start-up costs. They are regular business expenses.

Start-up costs include any amounts paid or incurred in connection with creating an active trade or business or investigating the creation or acquisition of an active trade or business.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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