JamesG1
Expert Alumni

Business & farm

No form is required.  The act of reporting start-up costs on your tax return constitutes the election.  Please see this TurboTax Help and this Deloitte CPA explanation below.

 

“Therefore, a taxpayer is no longer required to attach a statement to the return or specifically identify the deducted amount as start-up and/or organizational expense for the elections to be effective.”

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