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  • Start Up Costs and Tax Return

    Where on my tax return forms do I put the start up costs that I incurred before I had kids and are dated 2014.? I started in 2015. They are all 100% for the business. Thanks

  • #2
    start up costs

    Originally posted by Teach54 View Post
    Where on my tax return forms do I put the start up costs that I incurred before I had kids and are dated 2014.? I started in 2015. They are all 100% for the business. Thanks
    Put them on Schedule C combined with your other expenses. There is no need to show them as a separate start up expense.
    http://www.tomcopelandblog.com

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    • #3
      One more ques, I hope

      Thanks for your reply, Tom. I have a small separate building that has it's own electric bill. We also did maintanence and repairs to this exclusive use area. Can I claim these costs on my sch C line 21 and 25 instead of form 8829. I use only a small part of my house for the kids, and would use my t/s% for the other expenses. I'm not getting to use these expenses because I have a loss this year.

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      • #4
        house expenses

        Originally posted by Teach54 View Post
        Thanks for your reply, Tom. I have a small separate building that has it's own electric bill. We also did maintanence and repairs to this exclusive use area. Can I claim these costs on my sch C line 21 and 25 instead of form 8829. I use only a small part of my house for the kids, and would use my t/s% for the other expenses. I'm not getting to use these expenses because I have a loss this year.
        Yes, deduct 100% of the expenses to the separate building directly onto Schedule C, instead of Form 8829.
        http://www.tomcopelandblog.com

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        • #5
          Thank you!

          Thank you so much for all your help:hug:

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