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

Elected cost group box

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