After I choose, Intangibles, other property, then choose Other Asset Type, Turbo Tax forces me to choose an Asset Class, which is the recovery period. The lowest recovery period is 3 years. If i choose straight line, I get $1,667, which is not correct.
If I choose, Intangibles, other property, then choose Amortizable Intangibles, I can then input useful life in years. If I input 2 years, the calculated amortization is $2,917, which is incorrect for a $10,000 asset.
