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  • Re: SECTION 179 FOR SOFTWARE 2024
George4Tacks
George4Tacks
Level 15
‎02-07-2025 09:15 AM
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Computer software.

 

Computer software is generally a section 197 intangible and cannot be depreciated if you acquired it...

However, computer software is not a section 197 intangible and can be depreciated, even if acquired ...

  • It is readily available for purchase by the general public.

  • It is subject to a nonexclusive license.

  • It has not been substantially modified.

 

If the software meets the tests above, it may also qualify for the section 179 deduction and the spe...


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