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Business expenses incurred in 2024 for Franchise not open yet in 2025
How do I enter travel expenses/legal fees incurred choosing and buying my Franchise that I incurred in 2024 but is not open/in business but will be in 2025. (Using personal Turbo Tax Deluxe?)
Also can I deduct any of the Franchise fee that I paid in 2024 or must I amoritize it all in 2025?
I have found multiple questions about this on the site but am still confused how to enter this on our personal taxes.
Thank you
‎April 14, 2025
8:43 PM