DianeW777
Expert Alumni

Business & farm

The start up costs you choose to expense in the first year of business can be edited by following the steps below.  If necessary you can go to the Business Profile to be sure you have marked 'Yes' for 'Acquired Business in Current Year'. Start up expenses are allowed to be expensed the first year the business opens operations.

  1. Update the Business > Click Edit beside the business > Scroll to Business Expenses > Click on Startup Costs
  2. Once completed you should be able to click on Forms (upper right) then view the Schedule C, Line 27a.
  3. See the image below.

 

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