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Old 09-03-2015, 02:42 PM
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Section 197 Intangibles
Intangibles are not amortized for tax purposes in a stock acquisition absent a Section 338 election?


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Old 09-04-2015, 12:09 PM
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Quote:
Originally Posted by ginamarieann View Post
Intangibles are not amortized for tax purposes in a stock acquisition absent a Section 338 election?
You can check it here; https://www.macabacus.com/taxes/section338

https://www.law.cornell.edu/uscode/text/26/338

goodwill is to be measured annually to determine if there is an impairment loss.


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