Posted on October 28, 2010.
Can I deduct the money i invested in the purchase of a new company in my income taxa frachise bought a cleaning, and paid 25,000, is tax deductible
Over time.
Franchise fees are generally amortized over 15 years, irrespective of the time or period of your franchise. If your franchise agreement is 5 years, you still deduct 1/15th per year. If your business is finished 5th year you can deduct the balance.