april-knight
Level 1
11-29-2022
12:13 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Labels
TaxGuyBill
Level 15
11-29-2022
12:22 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
25% limit? Are you referring to the §481(a) Adjustment being spread out over 4 years?
The Assets should just show the actual Basis (what the cost seg said) and the proper prior depreciation based on that. The §481(a) Adjustment is independent of that and does not affect it.