Daven
Level 2
07-12-2024
09:57 AM
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A client is selling a majority stake in his S Corporation and as per the attorney's recommendation, both buyer and seller have agreed to make the Section 336(e) election to allow the buyer to take depreciation deduction for Goodwill etc. While I got a general understanding of how the Section 336(e) works, I don't know how to handle it for tax filing purposes (filing the tax return for the seller till the date of sale, and then subsequently for the buyer post sale). I am seeking support from a professional who is familiar with this Code section as well has worked on it for his/her clients. This will be a paid consultation. Please send an email [removed] if you are able to assist. Thanks.