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Level 1
January 20, 2020

Change from C corp to a S Corp

  • January 20, 2020
  • 2 replies
  • 10 views

C corp has section 179 expense carry over. C corp changes to a S corp for current year. Does the unused section 179 expense carry over to the S corp ?

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    2 replies

    Level 4
    January 21, 2020

    would like to follow this post with answers

    IRonMaN
    Level 15
    January 21, 2020

    I believe it stays within the C corp so no carryover to the S corp.

    Slava Ukraini!
    abctax55
    Level 15
    January 21, 2020

    I agree with Mr Yote.

    @Jojo4 -  you can "follow" by selecting subscribe to the thread.  

    Upper right corner is " ... "   Click on that & select subscribe.

    Or, there's an upside down 'flag' thingy in the lower left that you can click.  It turns black, and I "think" that lets you follow the thread.

    BTW - this is a new forum, and we are ALL trying to learn the intricacies. 

     

    HumanKind... Be Both