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Lifestyle
Fitness & Nutrition
Lets say I bought fitness equip. to use in my business, but never actually used...
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<blockquote data-quote="fitnessfreak" data-source="post: 2626185" data-attributes="member: 492404"><p>...it. Can I still amortize it? What happens if I buy an item and expense it during the start up period for my business, but I never actually use it in my business? Can I still claim amortization for the item as a start up expense? The equipment is for 50% business and 50% personal use.</p></blockquote><p></p>
[QUOTE="fitnessfreak, post: 2626185, member: 492404"] ...it. Can I still amortize it? What happens if I buy an item and expense it during the start up period for my business, but I never actually use it in my business? Can I still claim amortization for the item as a start up expense? The equipment is for 50% business and 50% personal use. [/QUOTE]
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