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kelly6
Level 3
March 26, 2025
Question

Amortization - Section 167(g)(7) Safe Harbor

  • March 26, 2025
  • 1 reply
  • 5 views

Hello - 

I have a musician client who I need to amortize video and recording costs for.


Under the Section 167(g)(7) safe harbor election - they can amortize 50% of the costs in 2024, and then 25% of the costs in 2025 and 2026.

How do I get ProConnect to allow me to make this selection? 

    This topic has been closed for replies.

    1 reply

    sjrcpa
    sjrcpa
    Level 15
    March 26, 2025

    Technically it's depreciation, income forecast method. Does that help you find a method in the software?

    The more I know the more I don’t know.
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