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adry_hopeboto
March 4, 2025
Question

Is there a category where it fits best where a transaction is for Industry education for my business?

  • March 4, 2025
  • 1 reply
  • 0 views
I paid for a membership where it helped me start my business step by step.

    1 reply

    D
    DavidD66
    March 4, 2025

    Yes, those would be "Start-Up Costs".  As long as your start-up costs are less than $5,000, you can deduct them as Business Expenses.  Navigate past the expense categories (or choose Other Miscellaneous Expenses) to the page titled "Enter Business Expenses Not Yet Reported" and enter the description & amount.

    If your start-up costs are more than $5,000, the excess is entered under Assets/Depreciation as a capital asset and amortized.

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