Startup Costs - Section 195 Summary or Organizational Costs - Section 248/709 Summary dialog

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Use this dialog to view an on-screen calculation of how the application calculated the maximum start-up costs or organizational costs for an asset or to view an asset's maximum start-up or organizational expense.

To open the Startup Costs - Section 195 Summary dialog or the Organizational Costs - Section 248/709 Summary dialog, choose Tasks > Display Start-up/Org Exp Summary.

Notes

  • The Startup Costs - Section 195 Summary dialog is accessible only for assets placed in service during the current year when:
    • Intangible asset (IRS Code Sec 195 - start-up expenses) is selected from the Method/Life Wizard in the Asset Detail > Depreciation tab, or
    • 195 - Start - up Expenses is selected in the Amortization section field in the Asset Detail > Other tab.
  • The Organizational Costs - Section 248/709 Summary dialog is accessible only for assets placed in service during the current year when:
    • Intangible asset (IRS Code Sec 248 - organizational expenses (1120, 990)) or Intangible asset (IRS Code Sec 709 - organizational expenses (1065 only)) is selected from the Method/Life Wizard in the Asset Detail > Depreciation tab, or
    • 248 - Organizational Expenses (1120, 990) or 709 - Organizational Expenses (1065 only) is selected in the Amortization field in the Asset Detail > Other tab.

Fields & buttons

Election calculation group box

Maximum dollar limitation

Total cost of current property

Threshold cost of property

Reduction in limitation

Dollar limitation for tax year

Elected cost group box

Total elected cost (including current asset)

Elected for current asset

Max button

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