Page 47 - IRS - Owning a Business

Intangibles

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
13 with your trade or business or in an

Intangibles activity engaged in for the production of
income.

Note: You may not be able to amortize
section 197 intangibles acquired in a
transaction that did not result in a
significant change in ownership or use.
Refer to Anti-Churning Rules
in Publication 535, Business Expenses.
.

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