The new rules say you can deduct up to $5,000 in the year the business begins. Any additional costs are amortized over 15 years.
What if I want to just amortize all of the costs including the first $5,000 over 5 years under the old rules? Can I still do that?
What if I want to just amortize all of the costs including the first $5,000 over 5 years under the old rules? Can I still do that?
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