Hello Patricia,I forgot to mention that these Section 174 Costs, and the amortization thereof, represent Schedule M-1 book to tax differences. For many or most ...
Hello Patricia,Thank you for your response but I tried that approach and no election statement is generated as part of the return to be filed. The election is v...
Does Turbotax Business 1120S plan on providing the required election form to amortize research costs under IRC Section 174? This is a MANDATORY election for any...
I forgot to add that you didn't mention when Turbotax Business will provide the election statement form in lieu of the requirement to file a Form 3115. I'm hopi...
Rev Proc 2023-11 gives only procedural guidance on implementing the required change to the treatment of Section 174 costs. It did NOT change the fact that those...