Sec 179 on a Sec 743b adjustment?


T

Tom Hickman

Has anyone considered whether a Section 743(b) basis
adjustment that is allocated to MACRS property could qualify
for a Section 179 deduction. About the best argument I see
against it is the requirement that basis must be determined
without reference to basis of the transferor (Section
179(d)(2)(C).

Any thoughts, pro or con?

Tom Hickman
 
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