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What is considered unadjusted basis for Partnership or Sub S Corporations

randyjonit
Level 1

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

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abctax55
Level 15

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


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5 Comments 5
abctax55
Level 15

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


#StandWithUkraine
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dmvauk
Level 1
Is Lacerte going to track this for us?
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abctax55
Level 15
We can hope...

#StandWithUkraine
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MrMojo
Level 3
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JackW
Level 3
what is the 10 year cliff
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