ireff
New Member

I Have an S Corp where we purchased a franchise costing 50K we paid out of our own pockets, How do we or can we include that in our S Corp Thanks Steve

I Have an S Corp where we purchased a franchise costing 50K we paid out of our own pockets, How do we or can we include that in our S Corp    How do I enter it?  We haven't shown a profit yet....  Heard we can write down over time?


Please help!