Startup costs aren't deductible in the year that a business is started, but they can be amortized over O 5 years. 10 years. 15 years. 20 years.

Question

asked Mar 17, 2020 189k views

2 Answers

Shanshan · Answer 1 · 2020-03-21T09:16:22+0000

Answer:

15 years.

Step-by-step explanation:

Actually, In the year that the business begins you can deduct up to $5.000 when the startup costs are less than $50.000.

if the startup costs are superior to $50.000 they might be amortized over 15 years.