Page 155 - Large Business IRS Training Guides
P. 155

Allocation Rules


                    Excepted vs. Non-Excepted-Example 2









               Facts:




               • Holdco Consolidated group has $1,000,000 of


                    conventional interest.



               • The adjusted tax basis in the assets used in


                    non-excepted trades or businesses is 40%


                    and the adjusted tax basis in the assets used


                    in excepted trades or businesses is 60%.

















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