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I’m curious if you’re getting killed by the new Section 174 changes? In 2022 you spent what looks like at least $150,000 in what’s now classified as Research a
by guyfromfargo 3y ago
I’m curious if you’re getting killed by the new Section 174 changes?
In 2022 you spent what looks like at least $150,000 in what’s now classified as Research and Development. So this means you’d have a tax burden of around $30k even though you only made $10k in profit.