https://ttlc.intuit.com/community/business-taxes/discussion/do-i-put-my-startup-costs-in-depreciation-and-startup-expenses/01/389801#M14598 <P>I started my business in November 18&nbsp;of 2016, or at least that is the date I got certified with the city.&nbsp; I have put everything that I have bought for the business in depreciation of assets, along with items I have already owned for the business.&nbsp; Do I put my startup expenses both in depreciation of assets and new business expenses?<BR /></P> Tue, 04 Jun 2019 19:19:46 GMT Anonymous 2019-06-04T19:19:46Z https://ttlc.intuit.com/community/business-taxes/discussion/do-i-put-my-startup-costs-in-depreciation-and-startup-expenses/01/389801#M14598 <P>I started my business in November 18&nbsp;of 2016, or at least that is the date I got certified with the city.&nbsp; I have put everything that I have bought for the business in depreciation of assets, along with items I have already owned for the business.&nbsp; Do I put my startup expenses both in depreciation of assets and new business expenses?<BR /></P> Tue, 04 Jun 2019 19:19:46 GMT https://ttlc.intuit.com/community/business-taxes/discussion/do-i-put-my-startup-costs-in-depreciation-and-startup-expenses/01/389801#M14598 Anonymous 2019-06-04T19:19:46Z https://ttlc.intuit.com/community/business-taxes/discussion/no-you-would-enter-the-start-costs-in-start-up-costs-sec/01/389808#M14599 <P>No, you would enter the start costs in start up costs section only. &nbsp;Once they are entered, the amount over $5000 is automatically amortized and entered in depreciation section for you.&nbsp;</P><P>Any expenses that you paid prior to starting your business will be your start up costs. &nbsp;Any expenses paid while your business is operational would be your "regular" business expenses or assets.</P> Tue, 04 Jun 2019 19:19:47 GMT https://ttlc.intuit.com/community/business-taxes/discussion/no-you-would-enter-the-start-costs-in-start-up-costs-sec/01/389808#M14599 MargaretL 2019-06-04T19:19:47Z https://ttlc.intuit.com/community/business-taxes/discussion/if-i-started-a-business-in-the-end-of-the-year-such-as-no/01/389814#M14600 If I started a business in the end of the year such as Nov of 2016, can I forgo claiming startup expenses and just amortized them over the next several years since I had no income in 2016?&nbsp;&nbsp;Is it also possible to claim startup costs in the following year? Tue, 04 Jun 2019 19:19:49 GMT https://ttlc.intuit.com/community/business-taxes/discussion/if-i-started-a-business-in-the-end-of-the-year-such-as-no/01/389814#M14600 Anonymous 2019-06-04T19:19:49Z