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copyright license expense
I pay someone license fees for the use of their copyrighted design in the products I make and sell. I paid $14,000 in 2021, but this amount is for 2021 and 2022. Can I capitalize/depreciate that amount over 2 years? If so, how can I do that in TurboTax? I don't see any option for depreciating something like that. I tried Intangibles, Other Property, but it doesn't seem to fit in that category.
March 20, 2022
6:20 PM