Comment by aarondf
3 years ago
It's not up to you to categorize them one way or another. This law mandates that they are r&d and thus amortized.
3 years ago
It's not up to you to categorize them one way or another. This law mandates that they are r&d and thus amortized.
No, no it doesnt.
> Under new Section 174(c)(3), software development costs are treated as R&E expenditures and must also be capitalized and amortized in accordance with the new rules.
https://www.grantthornton.com/insights/alerts/tax/2022/flash...
I'm not sure how to convince you other than telling you to read the law (or the article.)
That's why everyone is freaking out about this