Sure but for a startup/new business with little to no existing product, that is a massive amount. Especially as any software that is abandoned (ex: due to a pivot, etc) forfeits the amortised deductions that contributed to it.
The only businesses this hurts are small or young businesses that have yet to develop an established product and reliably revenue stream.
For them in the best case scenario they make so little that they can't even deduct but otherwise this means taxes being paid pulling away from the runway that a young business has before it builds up a stable income stream.
The only businesses this hurts are small or young businesses that have yet to develop an established product and reliably revenue stream.
For them in the best case scenario they make so little that they can't even deduct but otherwise this means taxes being paid pulling away from the runway that a young business has before it builds up a stable income stream.