The transfer of a trade or business through an asset sale usually encompasses a wide range of property—tangible personal property, inventory on-hand, software, buildings, and a broad collection of other real and personal property.
This article explains why diligent review of the catalog of assets being conveyed in an asset sale (or a deemed asset sale) might reveal tax benefits in the form of the domestic production deduction.
Read a January 2017 report [PDF 145 KB] prepared by KPMG LLP: What’s News in Tax: Maximizing the Domestic Production Deduction: Asset Sales of Trades or Businesses
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