Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 30, 2019 6:03:29 AM

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

0 3 2672
1 Best answer
New Member
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.

3 Replies
New Member
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!

New Member
Oct 30, 2019 6:03:32 AM

T2's do that to people.