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    Business in 2013

    Business purchased supplies, rented a building, office equipment and got the the federal id number BUT open in 2013. Amortize the expense for 2012 or set it up in 2013. Tired and can't think. Thanks

    #2
    Start up costs

    The start up costs start to be amortized when the business opens. So in 2013 you will expense up to the first $5,000 of start up costs and amortize the rest over 15 years.
    I would put a favorite quote in here, but it would get me banned from the board.

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      #3
      Thank you

      Thank you for your reply. It is amazing what you assume you should do but tired and with your great help to confirm it when tired - really appreciate. Thanks for your kindness and not beat around the question.

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