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Practice buy in / ASC buy in tax deductible

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  • Practice buy in / ASC buy in tax deductible

    Is practice buy in or ASC buy in tax deductible?

  • #2




    Is practice buy in or ASC buy in tax deductible?
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    No. You are paying for a piece of the business. It is an investment. Some of the associated costs may be deductible, however (i.e. professional advice).
    Our passion is protecting clients and others from predatory and ignorant advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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    • #3
      I agree with Johanna.  I also don't know of a way to shelter the income generated from the investment.  I pay taxes on income generated by ASC (K-1).

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