- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
An LLC is a legal entity, not a tax entity. Start up costs are amortizable. They may qualify for up to $5,000 as a deduction. The amortized expenses go on the same form as the depreciation. The program will ask you questions and move things to the right place.
without knowing which forms you are filing, I can't be more specific.
If you need more help, please reply and clarify with more information about the type of business you have in the eyes of the IRS. When you filed for your EIN, it told you the type of return the IRS was expecting. That may help you.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 28, 2020
7:38 PM