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Can offshore R&D expenditures be expensed or must they be amortized if so over how many years years

Level 1

Pending legislation has confused this issue.  Does anyone know the definitive IRS guidance

on this issue?

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1 Comment 1
Level 15

As of today, 2/24/24, all R&E must be capitalized and amortized. The proposed legislation would restore expensing for domestic costs but not foreign.

Foreign costs are amortized over 15 years.