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Research and Experimenation capitalization

Level 5

The TCJA requires Research and Experimentation costs to be capitalized over 5 years, starting in TY 2022, with the first year being a mid-year convention.  We're also supposed to file a statement that the accounting method has changed from deducting expenses to 5 year capitalization.

How do I do both in Lacerte?  Would this just be Dep'n Method 54, with HY selected?  How do I file a statement about the accounting method?


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