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1065 assets disposition becoming scorp

michele
Level 7

Is there a button to mark. Partnership becoming an 1120-S. Wanting to dispose of assets in partnership

with no gain. I am taking their basis in the Scorp but need to get rid of the assets and close everything they are not selling just changing entity types.. There are a ton of assets with no basis and a some still have basis.

 

Thanks

Michele

0 Cheers