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Unformatted text preview: Ex> you have 23,000 (start cost) Business begin Oct 1, In your first year : When you 23,000 tax return for the 3 months, you deduct immediately 5,000 The total deduction the first year 5,000 immediately deduction + 300 (amortize monthly basis) In the following year, you amortized over 15 years on the following year you will be allowed $1200 deduction. Suppose you go out the business, before amortization period is done: Is that any unamortized cost -> immediately deduct in the year that you go out the business That means you incentive f...
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- Spring '10