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What is a irc section 195b1?

I do not know why I have to fill this out! Help!!
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3 Replies
RichardG
New Member

What is a irc section 195b1?

This Code sections governs the tax deductions for startup costs for your business.  Please complete this interview in TurboTax if you started a new business last year and wish to deduct or amortize your startup costs.

rsavica
Returning Member

What is a irc section 195b1?

what should you enter in the box if it is 0

JohnW222
Expert Alumni

What is a irc section 195b1?

@rsavica

Just leave the box blank.

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