Client has an LLC (Federal files as S-Corporation) in Tennessee and sold 100% depreciated (179 depreciation) equipment. Is the gain subject to Tennessee Excise Tax? Thanks for your help.
What do the instructions say? https://www.tn.gov/content/dam/tn/revenue/documents/forms/fae/fae170instructions0618.pdf
Thanks. This helps. Looks I have some homework to do.
