Amortization of Business Start-up costs

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  • #175904
    nier06
    Member

    Can anyone tell me for test purposes what amount of start-up costs are deductible? Yaeger discusses the $5000, then brings up that in 2010 it was changed to $10000. Did it revert back to $5000?

    AUD - Apr '12 - 76
    FAR - Aug '12 - 79
    BEC - Nov '12 - 74, Jan '13 - 82!!
    REG - Feb 28, 2013 - 74, Apr 18th - 74, July 6th - 76!!
    Really?? 3 74's?

    CPA - October 2013

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  • #393721

    I'm pretty sure it's still $5000 with the rest being amortized over 180 months with the phaseout of the expense above $50,000.

    B-85 OCT 2012
    A-84 NOV 2012
    R-90 JAN 2013
    F-89 AUG 2012
    Ethics-92 (3rd try)

    I am DONE BABY!!!
    Used Roger 2012 + Wiley + NINJA Notes

    #393722

    Yes 2010 was the only year it was $10K

    CA CPA - All because of the journey listed below
    -----------------------------------------------------------------------
    FAR - 53('10), 8/25/12 79 PASSED!
    REG - 66('11), 69('12), 12/06/12 77 PASSED!!
    BEC - 58('10), 74('12), 01/05/13 77 PASSED!!!
    AUD - 43('11), 66('12), 69('13), 74('13) 7/29/13 85 PASSED!!!!!

    (Combinations of Roger, Yaeger, Wiley Book, Wiley TB, & NINJA Notes)

    Ethics 90%

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