Sec 179 deductions


0

0b3hks001

A C corp. has a Sec 179 deduction carry forward. The C
Corp. changed to a S Corp. Does the S Corp's shareholders
get the benefit of that Sec 179 carry-forward? If not, what
happens to that carryforward?

TIA
 
0

0b3hks001

A C corp. has a Sec 179 deduction carry forward. The C
Corp. changed to a S Corp. Does the S Corp's shareholders
get the benefit of that Sec 179 carry-forward? If not, what
happens to that carryforward?
Second try. Does any one have an answer to this?

TIA
 
Ad

Advertisements

D

Dave Woods, EA

0b3hks001@sneakemail.com said:
(e-mail address removed) wrote:
Second try. Does any one have an answer to this?
It's suspended. C-corp activity does not flow through to
s-corp shareholders.

--
David M. Woods, EA
Boston, MA 02109

Postings here are general information only and not to be
relied upon as advice.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top