Start up costs have a 15 year (180 month) recovery period using amortization (an equal amount for each month). The amortization is under the Assets expense for your business and you must select to 'Add an asset' once you reach the Business Asset Summary page.
- Select Intangibles, Other property on the Describe This Asset page.
- Select Amortizable intangibles on the Tell Us a Little More page
- Type Start up Costs as the description, then the cost remaining to be amortized and the date you opened for business
- Code selection is 195 Business Start Up Costs
- Enter 15 years for the Useful Life (in Years)
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