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Level 2
Jul 13, 2020 3:50 PM UTC
Question

Excise Tax in Tennesse

Client has an LLC (Federal files as S-Corporation) in Tennessee and sold 100% depreciated (179 depreciation) equipment. Is the gain subject to Tennessee Excise Tax? Thanks for your help. 

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2 replies

George4Tacks
Level 15
Jul 13, 2020 4:00 PM UTC
Answers are easy. Questions are hard!
Level 2
Jul 13, 2020 4:14 PM UTC

Thanks. This helps. Looks I have some homework to do.