Start Up and Organization Costs - how to set up

Forum|Forum|3 months ago
March 13, 2026
2 replies
16 views

Hello! I have a partnership with less than $5K of start up and $5K of organizational costs. I've been reading through the boards and I'm not sure how best to enter.

Intuit suggests using the IRS election form and then adding to Other Deductions, although I read from someone here that the election is no longer needed. When I enter the Start Up or Organizational costs as an asset, with a classification of L, and note the IRC section as 195, the depreciation report shows it amortizing over the 15 years but it's less than $5K so we can take it all in one year.

Would someone be able to coach me how to enter these in ProSeries?

Thank you for your time and coaching!

ProSeries Professional

dascpa

Level 11

In the Forms icon type in IRC and it'll take you to the IRC Elections Summary. You'll see the organizational and start-up elections there. With doing that you can just list them as ordinary expenses in the tax return, not in the amortization worksheets.

Some people may say if you just expense them without the formal elections they would be considered "deemed elections". I add the formal ones just to be sure.