Start Up Costs and Tax Return

[Teach54]

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

[TomCopeland]

start up costs

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.

[Teach54]

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.

[TomCopeland]

house expenses

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.

[Teach54]

Thank you!

Thank you so much for all your help:hug: