199A Final Regs - Spidell

199A Final Regs

Log in to Post

Message Board 199A Final Regs

This topic contains 0 replies, has 1 voice, and was last updated by Cynthia Carnahan 6 months, 2 weeks ago.

  • Author
  • #142260
    Cynthia Carnahan

    Final regs define UBIA for exchanged real estate as the UBIA of the RELINQUISHED property.

    If Relinquished property was land-only [Acquired property is land and buildings] does that mean ZERO UBIA, since land is not qualified property for 199A?

    Any help is very appreciated, THANKS.