Good Day Folks:
Would $21,000 cost of ATMs, be included in the $5,000 start-up expenditures in the first year of operations?
Business started 10/01/2006
Single member LLC
Other costs to conduct business (office supplies & like items) $1800
Gross Income $437
Could we Sec 179 the ATMs? & show a large loss?
Other income from W2 ($32,000)
Does anyone have a clear defination of start-up costs?
Would $21,000 cost of ATMs, be included in the $5,000 start-up expenditures in the first year of operations?
Business started 10/01/2006
Single member LLC
Other costs to conduct business (office supplies & like items) $1800
Gross Income $437
Could we Sec 179 the ATMs? & show a large loss?
Other income from W2 ($32,000)
Does anyone have a clear defination of start-up costs?
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