Beginning in 2022, businesses are now required to capitalize specified research and experimental expenditures (“SRE expenditures“) and amortize (deduct) them over time. Expenditures attributable to domestic research are amortized over five years and expenditures attributable to foreign research are amortized over 15 years. SRE expenditures are generally research and development costs in an experimental or laboratory sense for product development or improvement and include software development costs.
If the property with respect to which the SRE expenditures are being amortized
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