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Business & farm
I see. As far as the reporting requirements, I believe you may be referring to Form 8594 Asset Acquisition Statement. It looks like both seller and purchaser must file that form so can I correctly assume that the allocation of assets must match on each filer's return? We just had a total purchase price, not a breakdown of the value of the assets.
Thanks for your help.
‎February 7, 2021
6:18 PM