Jayzuks
Level 2
02-23-2023
11:26 PM
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Sole own of SCorp transferred the building owned by SCorp to his SM LCC via quick claim. How is the depreciation recapture handled, if any?
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abctax55
Level 15
02-24-2023
12:43 AM
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It's a 'sale' at fair market value, with any depreciation repercussions associated with any property sale.
HumanKind... Be Both
Jayzuks
Level 2
02-27-2023
07:27 AM
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Thank you