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I just got my 1099 from Google for the Adsense revenue.
When I file my taxes, what should I file the 15k purchase cost as? Expenses? A deduction? I usually do my taxes myself (via on of the many software applications out there) but I'm a bit confused as to file for this.
Thanks for any help.
But to answer the question, you'd have to amortize the $15k startup cost. See chapter 8 of IRS pub 535 for more information.