26 U. S. Code § 197 - Amortization of goodwill and certain other . . . The amount of such deduction shall be determined by amortizing the adjusted basis (for purposes of determining gain) of such intangible ratably over the 15-year period beginning with the month in which such intangible was acquired
Intangibles - Internal Revenue Service You must generally amortize over 15 years the capitalized costs of "section 197 intangibles" you acquired after August 10, 1993 You must amortize these costs if you hold the section 197 intangibles in connection with your trade or business or in an activity engaged in for the production of income
Amortization of Goodwill and Certain Other Intangibles - CCH The amount of such deduction shall be determined by amortizing the adjusted basis (for purposes of determining gain) of such intangible ratably over the 15-year period beginning with the month in which such intangible was acquired
Code Section 197 (Amortization of goodwill and certain other intangibles) The amount of such deduction shall be determined by amortizing the adjusted basis (for purposes of determining gain) of such intangible ratably over the 15-year period beginning with the month in which such intangible was acquired
A Complete Guide on Section 197 Intangibles: Types and Examples Section 197 intangibles must be amortized over a period of fifteen years starting from the month of the acquisition The cost of the asset should be spread out evenly during this time period, and businesses can claim tax deductions on the amortized amount during the same time period
Sec. 197. Amortization Of Goodwill And Certain Other Intangibles The amount of such deduction shall be determined by amortizing the adjusted basis (for purposes of determining gain) of such intangible ratably over the 15-year period beginning with the month in which such intangible was acquired
Amortizing Intangible Assets Under IRS Section 197 - The Balance Many intangibles are amortized under Section 197 of the Internal Revenue Code, which requires a 15-year amortization period Businesses must report the total amount of amortization for each year on their tax returns, using IRS Form 4562