A bread route is considered as a Section 197 intangible by the IRS. The cost has to be capitalized and amortized over 15 years.
Please read this IRS document for more information:
https://www.irs.gov/businesses/small-businesses-self-employed/intangibles
- In TurboTax Home & Business, under Business Assets, go to the Asset Summary and click Add an Asset
- On the next page, click the radio button next to Intangibles, Other property (see attached screenshot)
- On the next page. choose Amortizable Intangibles and click Continue to enter the details of the asset
- TurboTax will calculate the amortization and include it in your Schedule C.
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