What asset class should I use for an e-commerce website? I assume it is a section 197 intangible asset, but I need to declare if it's class V, VI or VII.

I have sold my business (asset sale) and am filling out Form 8594. Part of the business sale is the e-commerce web site. What asset class should I use for the website? I assume it is a section 197 intangible asset, but I need to declare if it's class V, VI or VII.

1278

Moderator

Oct 30, 2019 7:36:40 PM

This is the support site for the Canadian TurboTax. For assistance with U.S. versions of TurboTax, please visit: https://ttlc.intuit.com/

New Member

Oct 30, 2019 7:36:41 PM

Well, the stupid help link in the program brought me to this site... how about they fix that?

Why sign in to the Community?

What asset class should I use for an e-commerce website? I assume it is a section 197 intangible asset, but I need to declare if it's class V, VI or VII.