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ChoppingWood
Level 1

How do I amortize cash purchase of my business?

I purchased 2 e-commerce businesses and used cash. There is no inventory or tangible assets. Can I amortize the purchase over a set number of years?

2 Replies
MMTaxMM
Level 10

How do I amortize cash purchase of my business?

Section 197 intangibles is what you have. Amortize over 15 years.

ChoppingWood
Level 1

How do I amortize cash purchase of my business?

@MMTaxMM Thank you for your response!! I will look into this right away! 

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