If you have not yet earned income prior to 2022, your start-up costs and organizational costs should be accumulating into 1 intangible asset each and cannot be amortized until your business is earning income.
In the first year, you begin earning income, you can elect to deduct $5,000 as Start-Up and $5,000 as Organizational Cost Expense and then amortize the remaining amounts over 180 months. The $5,000 has to be reduced by the amount of total Start-Up or Organizational Costs exceeding $50,000.
For more detailed information see Business Start-up and Organizational Costs.
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