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We are filing separate Schedule Cs for our QJV on our jointly filed 1040, but when I put 50% of startup costs in each, it only appears in one of the Schedule Cs. How do I get it to be in both and calculate, correctly? Is it because the total of the startup costs is higher than $5000?
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I don't think the $5,000 is the issue. It may be that you labeled both Start-Up Costs the same.
How to list startup costs for a business
In step 5 make one Startup Cost 1, and the other Startup Cost 2, or some variation of that.
I’m using Home & Business CD and I don’t see those options. The only thing I can change is Business Description to differentiate the split of the business between me and my wife. Is that it?
The expense limit on startup expenses is $5,000, so you can't list more than $5,000 total between the two of you. The remaining startup expenses after you have used up the $5,000 allowance is set up as an intangible asset in the asset and depreciation section and written off over 15 year as explained by @JohnB5677.
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