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Proposed Regulations Remove Code Sec. 754 Election Signature Requirement (NPRM REG-116256-17)

The IRS has released proposed regulations that would eliminate the signature requirement for making a Code Sec. 754 election (section 754 election). Taxpayers may rely on these proposed regulations. Election Signature Requirement A partnership can elect to adjust the basis of partnership property in the event the inside and outside bases are unequal by making […]

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