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Intercompany Transfer of Fixed Asset with Section 179 Balance

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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 7 years, 4 months ago 1 Member · 0 Replies
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