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Business & farm
Yes you have to amortize the start-up costs above $5,000. However, the balance will be entered as an asset. You can go into the asset section and record that it was sold and that the sales price was zero.
Add the expense of setting up the website to your start-up costs. Anything else can be entered as an expense.
Add the expense of setting up the website to your start-up costs. Anything else can be entered as an expense.
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‎June 4, 2019
2:41 PM