My business purchased the trade name of another corporation last year. The cost is amortized over several years. The TurboTax Business software appears to have automatically calculated the amortized deduction ($887) that I get this year in the Assets section on Form 4562.
However, the deduction does not show up in the Depreciation of Assets Section on the Deductions tab. It shows up in the Common Business expenses section.
Is this right?
Thanks
