Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 

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

1 Best answer

Accepted Solutions

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

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

View solution in original post

3 Replies

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

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

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

thank you...I am not very bright!

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

T2's do that to people.