Question
Intangible 1120S
Been working on an 1120-S. Previous accountant had put approximately $20,000 of intangibles, depreciated some amount, but when I asked the client what that "intangible" is from, they don't know! Previous accountant is no where to be found, maybe closed or out due to COVID-19.
Anyways, thoughts on carrying this intangible to this years tax return. Thank you.
