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Get your taxes done using TurboTax
If these are not a one time fee and they can be resold like another asset then ...
You must generally amortize over 15 years the capitalized costs of "section 197 intangibles" you acquired after August 10, 1993. You must amortize these costs if you hold the section 197 intangibles in connection with your trade or business or in an activity engaged in for the production of income.
‎November 10, 2022
1:18 PM