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Author: womanontheverge One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 125003  
Subject: business pre startup expenses Date: 11/12/2002 8:24 PM
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If I finance a computer before I go into business, can I convert the computer to business use and deduct the continuing payments as an operating expense? What if I can truthfully say that the computer was used 100% for post startup business and pre-startup business planning?

If I finance continuing ed courses that are directly business related to the new enterprise, but undertake the obligation before I formally start the business, can the later post-startup payments be considered a business expense? What if I'm still taking the courses (ie. finance full tuition for a series of courses, start taking them, then start the business before having finished all of them?

What if I declare a business - have some minor income - incur the debt indicated above - and declare a loss for the first year. Would I be able to eventually deduct the entire expense against some future year's income?

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