Individuals or investors in a trade or business may elect to treat business start-up expenditures as deferred expenses and amortize them over a period of not less than 180 months, starting with the month in which the business begins. For a more detailed description of this tax expenditure, see corporate excise item 2.304.
Origin: IRC § 195
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2019
FY2020
FY2021
FY2022
FY2023
Personal Income Tax
Accelerated Deductions from Gross Income
1.306
Election to Deduct and Amortize Business Start-up Costs
Individuals or investors in a trade or business may elect to treat business start-up expenditures as deferred expenses and amortize them over a period of not less than 180 months, starting with the month in which the business begins. For a more detailed description of this tax expenditure, see corporate excise item <a href="/tax-expenditure-budget/corporate-excise-tax/accelerated-deductions-from-gross-income/2-304">2.304</a>.
<a href="http://www.law.cornell.edu/uscode/html/uscode26/usc_sec_26_00000195----000-.html" target="_blank">IRC § 195</a>
0.5
0.7
0.8
0.8
0.9
Loading...