Discussion:LLC - Capital lease basis?

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Revision as of 16:01, 9 August 2006

Discussion Forum Index --> Tax Questions --> LLC - Capital lease basis?

MSTguy (talk|edits) said:

9 August 2006
This could be a stupid question. If an LLC leases equipment that is being treated as a capital lease so that a liability is being recorded on the LLC's books, do the members of the LLC get an increase in basis for their allocative share of the capital lease obligations?
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