Hopefully this is an easy one for you guys...
A client of mine paid a lawyer around $8000 to file for patents and trademarks for products they will be selling in the future.
Should I amortize or expense the trademarks and patents?
asked 29 Oct '09, 03:06
I was thinking R&D expense, patent application process. Either amortize or expense.
Publication 535, chapter 7, research & experimental costs.
answered 29 Oct '09, 18:54
Sandy...I believe you mean Sec. 197 intangible.
answered 29 Oct '09, 17:39