Excise Tax in Tennesse

PauerHaus1 · ‎07-13-2020

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.

George4Tacks · ‎07-13-2020

What do the instructions say? https://www.tn.gov/content/dam/tn/revenue/documents/forms/fae/fae170instructions0618.pdf

Here's wishing you many Happy Returns

PauerHaus1 · ‎07-13-2020

Thanks. This helps. Looks I have some homework to do.

Excise Tax in Tennesse

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