Community
:
Discussions
:
Taxes
:
Business & farm
:
I went from a SMLLC to partnership mid-year and filed 8832. I gifted half the business and went from 100% to 50%. Do I need to also make a section 754 election on the return?
abholcomb
Level 3
Mark as New
Bookmark
Subscribe
Subscribe to RSS Feed
Permalink
Print
Report Inappropriate Content
I went from a SMLLC to partnership mid-year and filed 8832. I gifted half the business and went from 100% to 50%. Do I need to also make a section 754 election on the return?
March 13, 2022
9:52 AM
