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June 5, 2019
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I paid $20,000 in 2017 for a car for my business that I started in 2012. Can I deduct $ 5000 as business startup.

  • June 5, 2019
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I have not used start up deductions, in previous tax years, for my business I started in 2012. Can I use $5000 deduction on a car I purchased in 2017 for cash? 

Best answer by KrisD15

No, start up costs can only be claim in the first year of the business. 

Click Here for Business Depreciation Information from TurboTax

1 reply

KrisD15
KrisD15Answer
June 5, 2019

No, start up costs can only be claim in the first year of the business. 

Click Here for Business Depreciation Information from TurboTax

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