Jeanne Powell Tax Consultant
Howard Beach, NY
Peggy Johnson CPA, P.C.
Nelson Tax Accounting, Ltd
Custom Tax Service
Giovetti & Giovetti, CPAs
Related parties can do a Section 1031 exchange. In fact there is a portion of form 8824 for related party information. The problem is that neither party can sell the assets for 2 years (actual 12 month periods, not calendar years). You have to file...
If the only thing transferred is equipment which is being moved to another location, then you are correct. But if your client is going to lease the same location and leave the equipment in place, he is purchasing equipment which is substantially all...
If my client has an independent Bounce House Manufacturer value the bouncers and equipment they want to purchase from another LLC, but they don't buy customer list or trade name, I don't think he has to file Form 8594 but would like confirmation.