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Old 08-05-2015, 05:19 PM
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Join Date: Aug 2015
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Fixed asset transfer from partnership to s corporation

I know that fixed assets can transfer to a corporation at fmv from a sole proprietorship, but is the treatment the same with a partnership? One unique situation with this partnership is that it dissolved last year with one partner taking over 100% technically making that partner a sole proprietor. Is it possible now to transfer the assets at fmv?



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