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Thread: Can you amortize the cost of a website?

  1. #1

    Can you amortize the cost of a website?

    This is a US tax question for those who actively purchase websites:

    When you purchase a website or have one built, do you amortize the cost on your taxes? If so, over how many years?

  2. #2
    Amortization assumes that an asset's value will depreciate. I don't think web sites fit into that category, but you would have to talk with a tax adviser.

    I buy web sites, but my CPA has never raised the issue of depreciating the sites. We just expense them and if they get sold, the entire sale price is income. It is usually in your best interest to expense something rather than depreciate it.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin

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