Unless an election is made to expense or defer and amortize research and experimental expenditures,these costs must be capitalized.

Question

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According to the tax code, unless an election is made to expense or defer and amortize research and experimental expenditures, these costs must be capitalized. This means they cannot be immediately deducted as an expense but must be capitalized and amortized over time.

Unless an Election Is Made to Expense or Defer and Amortize