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Level 1
posted Mar 3, 2025 6:00:33 PM

Is there a category where it fits best where a transaction is for Industry education for my business?

I paid for a membership where it helped me start my business step by step.

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1 Replies
Expert Alumni
Mar 3, 2025 6:39:23 PM

Yes, those would be "Start-Up Costs".  As long as your start-up costs are less than $5,000, you can deduct them as Business Expenses.  Navigate past the expense categories (or choose Other Miscellaneous Expenses) to the page titled "Enter Business Expenses Not Yet Reported" and enter the description & amount.

If your start-up costs are more than $5,000, the excess is entered under Assets/Depreciation as a capital asset and amortized.