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US tax rules pertaining to domains
The handling of domains as expenses or intangible assets seems to be a gray area. Our accountant is telling us that Section 197 pertaining to the acquisition of intangible assets may apply, resulting in a 15 year life for asset depreciation. On the other hand, some may argue that since the asset must be "renewed", that it can be capitalized or fully expensed.
Does anyone know the definitive answer to this matter?
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