Your section 197 intangible is amortized over 15 years.
Amortization is a business expense and you need to upgrade to TurboTax Self-Employed to enter this intangible asset and amortize it.
Please read this IRS document for more information:
https://www.irs.gov/businesses/small-businesses-self-employed/intangibles
- In TurboTax Self-Employed, under Business Assets, go to the Asset Summary and click Add an Asset
- On the next page, click the radio button next to Intangibles, Other property
- On the next page. choose Amortizable Intangibles and click Continue to enter the details of the asset
- TurboTax will calculate the amortization and include it in your Schedule C.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
