Question:
- Company A transfers assets and liability to company B
- Both companies are owned by the same owners
- There is no cash exchange
1. How do I book this transaction?
2. When filing taxes, is there a specific form to be submitted for this?
Thank you
- Company A transfers assets and liability to company B
- Both companies are owned by the same owners
- There is no cash exchange
1. How do I book this transaction?
2. When filing taxes, is there a specific form to be submitted for this?
Thank you