My husband planted a new church, and had to pay for Articles of Incorporation. where do I enter this cost, can I submit it as an expense?
You'll need to sign in or create an account to connect with an expert.
First, the instruction below belongs to the church that is not yet open. As you indicated in an earlier post, your husband will be a pastor for this church in 2024 and receiving a W-2 from the church.
The fees for the Articles of Incorporation would be considered startup expenses because they occurred before the corporation began conducting or was open for business.
It's important to understand a couple of things. One, the expenses that can be deducted start from the time it was open for business. Any expenses to research, analyze and legally begin the business are called 'start up expenses'. You have a choice on how you want to handle those.
[Edited: 04/15/2024 | 6:56 AM PST]
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
aprcox20
Level 3
Green Machine 135
Level 2
somethingother
Level 1
rvhatcher
Level 3
babineaux
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.