Ask HN: How are you handling Section 174 changes for bootstrapped companies?
Everyone commenting in this thread that R&amp;D can be written off is working with outdated information and is not up to date with the current state of play.<p>I had the exact same conversation with my CPA last month. They told me the same things that you were told by your CPA: R&amp;D expenses, including software development, must always be amortized over 5 years starting in FY22. The R&amp;D tax credit has nothing to do with it. There is no option to deduct these expenses. Amortization also now applies to failed or abandoned R&amp;D projects, which is a major change that seems likely to be devastating to innovation.<p>In my opinion this rule is a disaster. Call your congressperson and your senators: <a href="https:&#x2F;&#x2F;www.congress.gov&#x2F;members&#x2F;find-your-member" rel="nofollow">https:&#x2F;&#x2F;www.congress.gov&#x2F;members&#x2F;find-your-member</a>