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SMLLC One time business license fee
Hello,
I started a SMLLC in 2023 and paid one time business license fee to a firm for business software, related training, and business marketing, consultations, software help to get the business going in first year. My 1-year contract has expired and I do not need to pay any other fees to this firm anymore.
How do I claim this on Schedule C? Is this Section 179 depreciation or considered Section 197 Intangible and needs to be amortized over 15 years?
Thank you
Topics:
‎April 6, 2024
11:12 PM