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Question
In the middle of purchasing a business and the real estate it operates in, I'm wondering if having the price allocation heavily in favor of the buyer or seller will cause red flags within the IRS? Will they want to see something that is reasonable?
AI accountant’s answer:

I’m not sure I have enough information to give a clear answer. I would consult with a tax professional who can see more of the facts around this question.

No answer given yet!

Answer

I’m not sure I have enough information to give a clear answer. I would consult with a tax professional who can see more of the facts around this question.

No answer given yet!

Keeper Staff

Keeper is a delightfully smart tax filing software that's especially useful for people with 1099 contracting and freelance income. Our blog breaks down IRS guidance with real-world examples and analysis by tax professionals — empowering taxpayers to save money and take control of their finances.

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