- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
No, you will not be able to deduct your start up costs until 2022 or whenever you actually open your doors.
Also, your start up costs will include ALL the costs to start the business. Land, building, equipment, advertising, etc that is stated at less than $50,000 may raise a red flag. If the costs are more than that total, you will need to amortize the costs.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 13, 2022
10:22 AM
928 Views