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I'm trying to amortize my Start-Up cost, which is $25000. I understand I'm supposed to use the Depreciation to report the remaining cost over a period of 180 months. I can't seem to find the Depreciation section to report that. Do I just use the "Enter Business Expenses Not Yet Reported" for it and just label it "Deprecation"?
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Just blindly following the walkthrough didn't lead me to it. So I kept hitting "Visit All" but it didn't hit me that one of the walkthroughs questions had depreciation. It's not until I read through each thing under "Visit All" that I noticed "Assets and depreciation". Just click on the "Update" button next to it and say "Yes" and you'll be walked through to enter the depreciation for the start-up cost and it'll automatically calculate it for you for 180 months.
It's under Business Expense > Assets and depreciation
Just blindly following the walkthrough didn't lead me to it. So I kept hitting "Visit All" but it didn't hit me that one of the walkthroughs questions had depreciation. It's not until I read through each thing under "Visit All" that I noticed "Assets and depreciation". Just click on the "Update" button next to it and say "Yes" and you'll be walked through to enter the depreciation for the start-up cost and it'll automatically calculate it for you for 180 months.
It's under Business Expense > Assets and depreciation
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