It’s clear from the responses to your post that most of your fellow software developers are in a state of denial. I can appreciate their position. I couldn’t be

It’s clear from the responses to your post that most of your fellow software developers are in a state of denial. I can appreciate their position. I couldn’t believe our government representatives could be this insane, either. But, apparently, they are. I wish that they were right. I’d be very happy to be wrong. But all the information out seems to suggest otherwise. Just as a small sample, this is from E&Y. No small accounting firm, they: “The modifications made to Section 174 include a new subsection that specifically includes any amount paid or incurred in connection with software development as a research or experimental expenditure (and, therefore, within the scope of the provision). Presently, these costs may be deducted or amortized under Revenue Procedure 2000-50. Once the new Section 174 provisions take effect after 2021, Revenue Procedure 2000-50 will no longer apply to any software development costs, and they will be subject to the required amortization under Section 174. As a general rule, purchased software may be amortized over 36 months under Section 167(f)(1). This means that, under the Act, taxpayers developing software will be in a less favorable tax position than those acquiring it.” There’s no way around it. This is an existential threat to technology companies in general and software companies specifically.