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?

      ——————————
      Aimee Bramley
      Manager, Financial Reporting & Compliance
      National Automobile Dealer Association
      Tysons, VA
      ——————————

    aimee-bramley replied 7 years, 5 months ago 1 Member · 0 Replies
  • 0 Replies

Sorry, there were no replies found.

The discussion ‘Intercompany Transfer of Fixed Asset with Section 179 Balance’ is closed to new replies.

Start of Discussion
0 of 0 replies June 2018
Now

Welcome to our new site!

Here you will find a wealth of information created for people  that are on a mission to redefine business models with cloud techinologies, AI, automation, low code / no code applications, data, security & more to compete in the Acceleration Economy!