Should the amortization expense that i calculated be added back onto the taxable business income?

when the tax soft ware calculated by return the amortization was added back onto the taxable income

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1 Best answer

Level 2

Oct 30, 2019 6:03:30 AM

Yes. The amortization is recorded once on schedule 8 and again on schedule 125. It is taken out once on schedule 1.

Level 2

Oct 30, 2019 6:03:30 AM

Yes. The amortization is recorded once on schedule 8 and again on schedule 125. It is taken out once on schedule 1.

New Member

Oct 30, 2019 6:03:32 AM

thank you...I am not very bright!

Level 2

Oct 30, 2019 6:03:32 AM

T2's do that to people.