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For start-up or organizational expenses defined in sections 195(c)(1), 248(b) and §1.248-1(b), and 709(b)(3) and §1.709-2(a), paid or incurred after September 8, 2008, the regulations provide that a taxpayer is deemed to make an election to deduct start-up and/or organizational expenses for the taxable year in which the taxpayer begins business.

Therefore, a taxpayer is no longer required to attach a statement to the return or specifically identify the deducted amount as start-up and/or organizational expense for the elections to be effective. A taxpayer may choose to forgo the deemed election by clearly electing to capitalize its start-up and/or organizational expenses on a timely filed federal income tax return (including extensions) for the taxable year in which the taxpayer begins business.

The election to capitalize start-up and/or organizational expenses is made in accordance with the form and instructions used by the taxpayer to file its federal income tax return. An election either to deduct start-up and/or organizational expenses or to capitalize start-up and/or organizational expenses is irrevocable and applies to all start-up and/or organizational expenses of the taxpayer.

You will need to go to the depreciation section. The asset is Intangible and other Property. Follow the prompts on the screen and elect 5 year property.