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

kelly6
Level 2

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? 

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1 Comment 1
sjrcpa
Level 15

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.