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PDtax
PDtax, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 4444
Experience:  35 years tax experience, including four years at a Big 4 firm.
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If I didn't elect IRC 754 what are my options to avoid

Customer Question

If I didn't elect IRC 754 what are my options to avoid higher gains from property sold with an inherited partnrship
Submitted: 1 year ago.
Category: Tax
Expert:  PDtax replied 1 year ago.

Hi again. PDtax here.

I can assist, but ask that you accept my last answer first.

Customer: replied 1 year ago.
K
Customer: replied 1 year ago.
I accept
Customer: replied 1 year ago.
I accepted the last answer
Expert:  PDtax replied 1 year ago.

I need some more facts to try to build an argument. This will be time consuming, and your fact pattern will dictate if any relief is available.

I'll post an offer of our premium service for 1/2 hour research and analysis. Accept, and I'll look into 754 and your options.

Expert:  PDtax replied 1 year ago.
I didn't hear back, and won't have research time available for a few days. Please advise.