Amortization Code Section

Federal/State Depreciation Screen 22; Code 17

Enter the amortization code section per Internal Revenue Code or choose from the table below. You can press [Ctrl]+[T] and select the code section. An entry in this input field causes the program to list the asset under amortization rather than depreciation on the applicable schedule.

CODE SECTION

TYPE OF PROPERTY

59

Optional write-off of tax preferences

169

Pollution control facilities

171

Certain bond premiums

174

Research and experimental expenditures

178

Cost of acquiring lease

197

Intangibles (goodwill, etc.)

194

Qualified forestation and reforestation costs

195

Business start-up expenditures

248

Organizational expenditures for a corporation

461

Points

709

Organizational expenditures for a partnership

1400I

Qualified revitalization expenditures