The answers are as follows - no expenses allowed until you are officially open for business in 2025.
- (a) - No, not until 2025.
- (b) - Yes, they can be start-up fees in 2025.
- (c) - You will have the full franchise fee as an amortizable asset beginning in 2025. This expense is considered as a Section 197 Intangible.
- (d) - See the link below for start-up tips and expenses that will apply
@biggxj
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