turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How can I fill out Election to Amortize Start-up Expenditures?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
JohnB5677
Expert Alumni

How can I fill out Election to Amortize Start-up Expenditures?

You will find this in the business or Self-employed section.

  1. Scroll to business assets
  2. Select Assets being depreciated
  3. NO I want to review my answers ....
  4. NO I did not buy any items ....
  5. No I did not make improvements ....
  6. Now select [Add an asset]
  7. Select Intangibles Other
  8. Select Amortizable intangibles
  9. Describe asset as Start up cost
  10. Enter total cost
  11. Enter the day you opened the business
  12. Select you purchase new
  13. YES always 100%
  14. Again enter date you opened the business
  15. Code section is : 195 Business Start-up Cost
  16. Useful life is 15 years

 

  1.  
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies