anepcar
Level 3
01-17-2020
05:33 PM
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Is the price purchased for the company not deductible, outside basis, till they close the company or re-sell it. The tax payer purchased the company not just the assets, so it is just a change of ownership as far as the company is concerned. Can the access price be amortized as goodwill over 15 years as an attachment to his K-1, for his outside basis
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