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Join nowHi all, does anybody know how to record the attorney fee for patent application? Is it an intangible asset or R&D expense or Legal fee?
And how about the attorney fee for trademark application?
Thanks!
All costs to apply for a patent are posted as an intangible asset (use fixed asset in QBO), including attorney and filing fees.
Rustler, thank you!
I also asked my friend who is an accountant. And He asked me about the amount. It is not too much. Then he suggested me record it as legal fee.
So I am curious that is there any relationship between the amount and accounts?
Thank you!
Not that I am aware of, nor do I see anything in the IRS Pubs
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