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freshy70
Level 4
March 8, 2025
Solved

Expense Remaining Unamortized Startup Costs

  • March 8, 2025
  • 1 reply
  • 7 views

1120S final return. How do I expense the remaining unamortized startup costs? I entered date of disposition as 7/30/2024 when the businesses closed, but I only get regular amortization still.

    This topic has been closed for replies.
    Best answer by sjrcpa

    Are you sure it is not showing up on Schedule K on a separate line?

    1 reply

    Accountant-Man
    Accountant-Man
    Level 13
    March 8, 2025

    Did you enter $0 for the sales price on the asset sheet?

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      F
      freshy70Author
      Level 4
      March 8, 2025

      No, but I did enter -1 now because I see where it says to enter -1 if sale price is zero. But now change. Still limited to current year amortizaton.

      sjrcpa
      sjrcpaAnswer
      Level 15
      March 9, 2025

      Are you sure it is not showing up on Schedule K on a separate line?

      The more I know the more I don’t know.
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