Can you please clarify this statement?
"Startup costs can only be deducted in the year they were paid (for a cash basis business)."
I had some costs that were incurred in 2017 since I didn't actually start the business until January 2018. From what I read, you deduct them in the year the business started, which in my case was 2018. How do I treat these costs?
Also, which Turbo Tax product or offering would be best to use in my situation. I've never used it before.
