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Amortization from business startup costs in COGS
I'm preparing an 1120S. This is the first year I've prepared the return in TurboTax. (It was prepared at H&R block in previous years.) I entered the business startup costs that were incurred in 2019 so I can continue amortizing them. The amortization keeps showing up on Line 2 of the 1120S as cost of goods sold. No goods are sold in this business. How do I stop it from appearing there? I assume it should be on Form 4562 part VI.
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March 11, 2023
3:18 PM