MarilynG
Expert Alumni

Business & farm

Yes, start-up expenses up to $5000 can be deducted as Business Expenses. You can total your start-up expenses and label the amount as 'Start Up Expenses', or you can deduct each item individually.

Amounts over $5000 can be claimed under 'Assets'.

General supplies like paper, ink, etc. are also deducted under Business Expenses

Here's more detailed info:

https://ttlc.intuit.com/replies/5146525

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