### Question
How does NORMAL TAXES AND SURTAXES define amortizable section 197 intangible?


### Answer
Under *26 U.S.C. § 197*, **amortizable section 197 intangible** is defined as:

> any section 197 intangible—


(A) which is acquired by the taxpayer after the date of the enactment of this section, and


(B) which is held in connection with the conduct of a trade or business or an activity described in section 212

#### Citation:
  - *26 U.S.C. § 197*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VI-ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS**

