Question
Prior C Corp assets with 179 - Disposition with Prior Section 179 Does Not Produce a Form 4797 for prior C-Corp assets in anS-Corporation
I understand why this occurs for S-Corp assets that had 179 that flowed through to shareholders. However, why would this occur for assets that were in a prior C-Corporation that was converted to an S-Corp at a later date? 179 was NOT flowed through based on in-service dates compared to S-Corp Conversion Dates.
