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01-20-2020
09:04 AM
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ProSeries does not include UBIA of any Assets that are marked as a 754 adjustment on the Asset Entry Worksheet. I believe the Final Regs allows for a Value for UBIA of assets that have been adjusted under 743(b).
There is a section of the Asset Entry Worksheet for 199A Attributes, but the value does not transfer to the 199A Form.
Any thoughts?
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