Discussion:Capitalization of Attorney Fees

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Discussion Forum Index --> Tax Questions --> Capitalization of Attorney Fees

Scot1 (talk|edits) said:

5 September 2006
Client acquired $9M+ in patents from another company in exchange for equity (stock). Client incurred $300K in attorney fees to consummate the exchange. For tax purposes do the attorney fees need to be capitalized and amortized along with the cost of the purchased patents?

Sandysea (talk|edits) said:

5 September 2006
Yeppers; WOW high priced attorney, no?

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