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    Software development Costs

    lpeipert
    Level 2
    ‎03-07-2023 06:43 PM

    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
    ‎03-07-2023 09:09 PM

    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
    ‎03-07-2023 09:11 PM

    174.

    It is mandatory now. Not an election.


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






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