depreciable property


“One of its Principal Purposes” for an Installment Sale

What if you could transfer depreciable assets from one legal entity that you own to another legal entity that you own, not report the gain from the sale until some future year, and then step up the tax basis in the assets due to the sale and start taking increased depreciation deductions using the stepped […]

The post “One of its Principal Purposes” for an Installment Sale appeared first on Houston Tax Attorney: Texas Lawyer.


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