Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

What is considered unadjusted basis for Partnership or Sub S Corporations

randyjonit
Level 1

Section 199A Unadjusted Basis of Assets how is it determined?

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Solution

Accepted Solutions
abctax55
Level 15

The easy answer is the cost, before depreciation.  But watch the life, there's a ten year cliff.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"

View solution in original post

0 Cheers
5 Comments 5
abctax55
Level 15

The easy answer is the cost, before depreciation.  But watch the life, there's a ten year cliff.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
0 Cheers
dmvauk
Level 1
Is Lacerte going to track this for us?
0 Cheers
abctax55
Level 15
We can hope...
"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
0 Cheers
MrMojo
Level 3
0 Cheers
JackW
Level 3
what is the 10 year cliff
0 Cheers