TaxGuyBill
Level 15

I haven't researched it, but a quick search shows that §1.197-2(g)(8) says "Also, an amortizable section 197 intangible is section 1245 property".

But I have NOT read the surrounding information or researched it, so I could be taking it out of context.

https://www.law.cornell.edu/cfr/text/26/1.197-2

 

0 Cheers