We have a business that is just getting started, and will have probably 3 to 4k in startup costs. I know the limit is 5k, but we do not want to amortize that out over 15 years yet we won't have an income this year. How do we save these write-offs for next year when we have profit?
Also, what about any tools or equipment that are not considered startup costs but needed to do the work? These too would be less than $5k.
