We are qualified joint venture (married couple filing jointly and equal partners of business) and entered all expenses for 2024 50/50. We started the business in 2024, so entered all "startup costs" for both of us, chose to deduct $2500 for each (for a maximum of $5k) and turbotax amortized the overage. The issue is that I see $2500 under "startup costs" but it seems to be included in the "other misc expenses" as well for both of us. When I click on "other misc expenses" it only shows me the one expense I entered, so I don't know how it is calculating the additional $2500. So, we are showing an additional $5k in expenses that are not accurate. Since I am not able to view the Schedule C form (I'm using online turbo tax) I can't see what is going wrong.
This is what I see under our self-employed expenses for both of us when I click on self-employment details:
Startup costs -$2500
Other miscellaneous expense - $2554 (this is made up of $47 expense and $7 amortized cost and what I assume to be a duplication of my $2500 start up costs since it is the exact amount)
Any help? Thanks!
