Re:My Sixth Year as a Bootstrapped Founder
by guyfromfargo on Sunday February 18, 2024 @12:07AM
(#39416380)
I’m curious if you’re getting killed by the new Section 174 changes?
In 2022 you spent what looks like at least $150,000 in what’s now classified as Research and Development. So this means you’d have a tax burden of around $30k even though you only made $10k in profit.
In 2022 you spent what looks like at least $150,000 in what’s now classified as Research and Development. So this means you’d have a tax burden of around $30k even though you only made $10k in profit.