Section 197 Amortization

A taxpayer shall be entitled to an amortization deduction with respect to any amortizable section 197 intangible.
Section 197 amortization. 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. 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. The irs designates certain assets as intangible assets under section 197 of the internal revenue code.
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. Cost attributable to other property. Section 197 amortization rules apply to some business assets but not to others.
8 treatment of certain increments in value. 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. A taxpayer shall be entitled to an amortization deduction with respect to any amortizable section 197 intangible.
These intangible assets must usually be amortized over 15 years.