Discussion:Capitalization of Attorney Fees

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Revision as of 22:40, 5 September 2006

Discussion Forum Index --> Tax Questions --> Capitalization of Attorney Fees

Scot1 (talk|edits) said:

5 September 2006
Client acquired $9M+ in patents from another company in exchange for equity (stock). Client incurred $300K in attorney fees to consummate the exchange. For tax purposes do the attorney fees need to be capitalized and amortized along with the cost of the purchased patents?
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