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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).
    Working to protect good doctors from bad 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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