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Software development Costs

lpeipert
Level 2

How do you enter software development costs to be amortized and do you need any elections with that?

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2 Comments 2
dkh
Level 15

Enter on the Asset Entry Worksheet    Type of Asset - L  is for Amortizable intangibles  then there is a line to enter IRC section     which I don't know but you can use the Help ? to open info that will give you list of IRC codes

 

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sjrcpa
Level 15

174.

It is mandatory now. Not an election.

The more I know, the more I don't know.