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L
lundaj
October 16, 2019
Question

Deductions

  • October 16, 2019
  • 1 reply
  • 0 views

Where do you put intangible drilling costs?

 

1 reply

P
PaulaM
Employee
November 6, 2019

Assuming you mean that you wish to elect as a current business expense, you can deduct intangible drilling costs (IDCs) as a current business expense. List under 'Other expenses'.

 

IRS pub 535, page 25

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