If I hired a company to file a patent, are those fees deductible? I’ve spent roughly $6000 in 2017 on them

posted

Connect with an expert

1 Best answer

Accepted Solutions

If I hired a company to file a patent, are those fees deductible? I’ve spent roughly $6000 in 2017 on them

You can deduct the legal fees for the filing of a patent as a business expense in the year that the expense is incurred or it can be amortized over the useful life of the patent.

View solution in original post

1 Reply

If I hired a company to file a patent, are those fees deductible? I’ve spent roughly $6000 in 2017 on them

You can deduct the legal fees for the filing of a patent as a business expense in the year that the expense is incurred or it can be amortized over the useful life of the patent.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

If I hired a company to file a patent, are those fees deductible? I’ve spent roughly $6000 in 2017 on them

If I hired a company to file a patent, are those fees deductible? I’ve spent roughly $6000 in 2017 on them

If I hired a company to file a patent, are those fees deductible? I’ve spent roughly $6000 in 2017 on them

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

If I hired a company to file a patent, are those fees deductible? I’ve spent roughly $6000 in 2017 on them

Do you have an Intuit account?

If I hired a company to file a patent, are those fees deductible? I’ve spent roughly $6000 in 2017 on them

If I hired a company to file a patent, are those fees deductible? I’ve spent roughly $6000 in 2017 on them

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert