Deducting Organizational Costs

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  • Bees Knees
    Senior Member
    • May 2005
    • 5456

    #16
    The expense part is simply deducted on the return as an expense would normally be deducted. I would call it legal and professional. The statement on page 24-10 has you list it first on the statement, and then the expense portion is subtracted at the bottom, since that amount gets expensed on its normal line of the business return.

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