I bought a business for < $10,000 to add to mine. It's for internet hosting, so basically a number of customers now pay me for hosting their websites and I have a couple of other servers I rent to make that happen. I paid the remaining loan amount that the old owners had directly to the loan company.
Is there a special form I have to fill out to take a deduction, or can I just make the acquisition a regular cost that is depreciated over a number of years?
