How do I categorize my $10,000 expense for purchasing my yoga studio business? The purchase agreement lump cost was for supplies/props/furntiture& established clientele.

[JulieR]

When you purchase a business, you need to make an allocation of the purchase price between the tangible and intangible assets you bought.  The following article provides guidance for making this allocation. https://smallbusiness.chron.com/allocate-business-sale-price-75482.html (see Allocation in an Asset Sale)