IRC Section 195b1

formermgr — Mon, 23 Feb 2026 11:48:58 GMT

This form in TurboTax is for "Election to Amortize Start-up Expenditures". It was apparently added during the 'walk through' Easy Step interview since I started a small business. However, what if I don't want to, or don't need to Amortize (no high dollar items/tools/machines...) and just have expenses? The fact that it states "Election" indicates a choice. If I choose not to Amortize, can I just delete that form? Right now I'm getting stuck on the Federal Review making me go back to fix that form. I've already listed all my expenses in Schedule C, Part II, Expenses.

Can anyone clarify please?

Thanks

Re: IRC Section 195b1

MaryK4 — Thu, 23 Feb 2023 03:33:24 GMT

If your Startup costs are more than $5,000 TurboTax automatically uses the election. If you want to delete, see How do I view and delete forms in TurboTax Online?

topic IRC Section 195b1 in Business & farm

IRC Section 195b1

Re: IRC Section 195b1