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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- In a Section 1202 capital transaction, did you provide addition info to the IRS under separate cover?
In a Section 1202 capital transaction, did you provide addition info to the IRS under separate cover?
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dongudhus
Level 1
03-02-2022
11:36 AM
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Did you provide additional documentation to support your claim that a capital transaction was a Section 1202 transaction and that all capital gain was excludable?
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2 Comments 2
sjrcpa
Level 15
03-02-2022
12:30 PM
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No. Who would look at it? Keep the documentation in the file in case IRS comes calling.
The more I know, the more I don't know.
dongudhus
Level 1
03-04-2022
02:46 PM
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Thank you...
