1.26 Ark. Code R. 51-428(c)

Current through Register Vol. 49, No. 9, September, 2024

Rule 1.26-51-428(c) - Amortization of Intangibles

For tax years beginning before 01/01/95, IRC Sec. 197 regarding amortization of intangibles shall apply. For tax years beginning on or after 01/01/95, IRC Sec. 197 shall apply.

Any differences in Arkansas and Federal basis must be considered in calculating gain or loss upon disposition of the intangibles.