Question
How do I transfer the gain on an involuntary conversion from one farm tractor to another?
Farm client's tractor and some other things, all used in business, were destroyed in a fire.
They replaced the tractor.
They have a gain on the fully depreciated tractor.
How do I transfer the gain into the badis of their new tractor?
They replaced the tractor.
They have a gain on the fully depreciated tractor.
How do I transfer the gain into the badis of their new tractor?
