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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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.
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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