Intercompany Transfer of Fixed Asset with Section 179 Balance

  • Intercompany Transfer of Fixed Asset with Section 179 Balance

    Posted by Aimee Bramley on December 30, 2016 at 9:53 am
    • Aimee Bramley

      Member

      December 30, 2016 at 9:53 AM

      We are trying to transfer a group of assets to a different company.  We normally do net book values transfers.  However, several of these assets have section 179 deductions and we file a consolidated tax return, so we need the section 179 deduction to remain the same on the assets in their new company.  Any suggestions?

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      Aimee Bramley
      Manager, Financial Reporting & Compliance
      National Automobile Dealer Association
      Tysons, VA
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    Aimee Bramley replied 6 years, 9 months ago 1 Member · 0 Replies
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