Asset sale and

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Hello!

An individual established an LLC (I believe it is an S-Corp) to purchase the assets of another company that was previously an Inc (also an S-corp). The acquisition occurred in May 2014. I recently received the management prepared FYE 12/31/14 financials of the new entity (LLC) as the tax returns are on extension. Since this was an asset purchase, is the statement that I received only 7-months (i.e. acquisition occurred in May 2014) or would it be a full 12-months?

Your expertise would be greatly appreciated!
 

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