I paid total of $65000 for the franchise, I paid $20,000 down and now paying out the other $45,000. There were no assets. just a franchise for promoting trade shows.
The $20,000 I entered 2018 and was set up as a depreciation for 25 years. Do I set up the other $45,000 now the same.It stated that I can't change what i set up in 2018.
Also, I pay $600 monthly and $4000 annually to the franchise corporation. how do I handle these payments?
Thanks
