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Level 2
April 11, 2025

startup software business

  • April 11, 2025
  • 1 reply
  • 3 views

Thanks for your help

I have a client who spent $70,000 in 2024 trying to develop an APP. Is he limited to $5000 amortization?

 

    1 reply

    sjrcpa
    Level 15
    April 11, 2025

    Probably less.

    R&D costs have to be capitalized and amortized

    The more I know the more I don’t know.