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- Sale of assets containing prior S179 and a Section 1377 (a) (2) election made
Sale of assets containing prior S179 and a Section 1377 (a) (2) election made
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DRankin
Level 1
09-12-2020
10:43 AM
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How do you allocate the gain on a sale of an asset containing prior S179 to the selling shareholder when a Section 1377 (a) (2) election is made? The gain appears separately on a supplemental page for the shareholder.
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