Intangibles in Renewables Projects and How They Affect Your Tax Basis

In this video, host Dorian Hunt, Renewables Leader at Leo Berwick, is joined by valuation experts Marty Schmidt and Rick Ellsworth to explore the role of intangible assets in determining tax basis. The discussion traces the historical evolution of intangible asset valuation, starting with the Tax Reform Act of 1986 and the end of the General Utilities Doctrine, which led to disputes between taxpayers and the IRS over amortization. Marty and Rick break down key court cases, including Newark Morning Ledger, and explain how valuation methodologies have shaped tax outcomes. The conversation then applies these lessons to the renewable energy sector, highlighting the growing importance of intangible asset valuation in energy transition deals.