Comment by w4

3 years ago

You don't have a choice anymore. It's required to be amortized as of FY22. I had the same conversation with my CPA in January.

To make matters worse, failed or abandoned R&D projects can also no longer be written off, and must also be amortized even though they resulted in no new products or innovations. All of these changes greatly increase the risk of new R&D projects. It's an absolute disaster for innovation in a time when the US is ostensibly entering into a great-powers competition with China.

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