Jeff comments on IRS’s crackdown on basis-shifting. Basis-shifting strictly to avoid taxation and re-depreciation is not allowed, and the IRS is looking for it after discovering significant abuse while auditing partnerships.
Jeff comments on IRS’s crackdown on basis-shifting. Basis-shifting strictly to avoid taxation and re-depreciation is not allowed, and the IRS is looking for it after discovering significant abuse while auditing partnerships.
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