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Where to input R&D Amortization

Now that amortization of R&D expense is mandatory (5 year half year convention). How do you input R&D expense on tax return? 

 

Say I have 100000k in R&D salary on my books which I normally expense completely, do I now only enter 10000k (10% of it) in the first year in the salary field, then reconcile it on M3? 

 

Or are there any special form/schedule for that because I can't seem to find them. 

 

Thanks for any advice in advance. 

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1 Reply
ThomasM125
Expert Alumni

Where to input R&D Amortization

You need to make an asset entry for the research and development expenses. You would choose the Other category, then Amortizable Intantgibles, then code 174 Research and experimentation costs. You look in the Deductions section in TurboTax, then Depreciation of Assts. Here are some screen shots:

 

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