LLC Startup depreciation.
I just formed an LLC, can I elect to depreciate my Start up expenses over 60 months instead of taking the $5000 deduction?
I just formed an LLC, can I elect to depreciate my Start up expenses over 60 months instead of taking the $5000 deduction?

No. Start up costs are a fixed asset that are amortized over 180 months. You can elect to deduct $5000.00 if the start up costs do not exceed $50,000.
Marc Barnes
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