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There are tax opportunities that come up when someone dies. Many of these relate to those who own real estate in LLCs or partnerships. One such a opportunity the Section 754 election for partnerships. This is a valuable election–one of the most commonly missed–thatallows the partnership to adjust its inside basis in assets to match… Continue reading Missed Opportunity When a Partner Dies: the Section 754 Election
The post Missed Opportunity When a Partner Dies: the Section 754 Election appeared first on Houston Tax Attorneys | Mitchell Tax Law.