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mrkgroupltd
Level 1

Recapture of Section 179 Property due to Asset Disposition (S-Corp)

Does gain/loss on disposition of section 179 asset increase basis for the s-corp shareholders? We have income in line 17K and will report the gain on owners taxes but want to know if this also increases their basis by the amount in box 17k?

1 Comment 1
mrkgroupltd
Level 1

Recapture of Section 179 Property due to Asset Disposition (S-Corp)

Can anyone assist?

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