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Business & farm
The expense limit on startup expenses is $5,000, so you can't list more than $5,000 total between the two of you. The remaining startup expenses after you have used up the $5,000 allowance is set up as an intangible asset in the asset and depreciation section and written off over 15 year as explained by @JohnB5677.
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‎April 14, 2022
5:25 PM