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    Excise Tax in Tennesse

    PauerHaus1
    Level 1
    ‎07-13-2020 10:50 AM

    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 Comments 2
    George4Tacks
    Level 15
    ‎07-13-2020 11:00 AM

    What do the instructions say? https://www.tn.gov/content/dam/tn/revenue/documents/forms/fae/fae170instructions0618.pdf

     


    Answers are easy. Questions are hard!
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    PauerHaus1
    Level 1
    ‎07-13-2020 11:14 AM

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

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