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Business & farm
If your start up expenses are less than $5000, you can deduct them in the first year that the business has income. If your start up expenses are more than $50,000, they are amortized over 15 years. If your expenses are between $5000 and $50,000, then part can be expensed and part must be amortized, and there is a formula to follow.
‎June 4, 2019
6:48 PM