I started a nonprofit organization that's recognized as a 501(c)3 by the IRS. I'm the President/CEO, can I deduct filing fees/material expenses incurred for start-up?

[lrobinson830]

If so, how do I claim/deduct that on my personal taxes? Would it be considered a donation or contribution to get the nonprofit started or would it be an unreimbursed company expense? I just want to make sure I'm not doing anything that would negatively impact me or the nonprofit.

[GregH · Accepted solution]

Yes, you can deduct personal start cost used in the your Non-profit corporation as long as you have been granted 501(c) status or you have filed your 1023 application.

You can deduct the cost as charitable donations.

See http://www.irs.gov/publications/p17/ch24.html for additional information.

[user672168]

I'm filing separately for this non-profit can I use turbo tax for this

[fuhokseong]

I'm filing separately for this non-profit can I use turbo tax for this

[Zbucklyo]

No, Turbotax does not support Form 990, which is used by non-profits.