Discussion:Section 59 e(2) Election and Lacerte
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Revision as of 11:24, 22 April 2009
Discussion Forum Index --> Basic Tax Questions --> Section 59 e(2) Election and Lacerte
Discussion Forum Index --> Tax Questions --> Section 59 e(2) Election and Lacerte
| 22 April 2009 | |
| I have an S Corp with a R&D expense line 12 J for 28k. It is a passive activity. If I make the election under 59 e (2) to amortize R&D Costs Line 12 of K1 over 60 months rather than having the AMT on the R&D. If I do remove R&D from line 12 and place R&D as an asset in depreciation lacerte indicates the difference between the annual amortization and annual passive income to be unreimbursed expenses on the reconcilliation statement where the depreciation expense is offset against other passive income. Lacerte does not have the answer to this. Unreimbursed expenses by scorp shareholders are not allowed and this clearly is not but the lacerte program indicates it so in the Sched E statements. | |
