Stepping Out with 754 Step-Ups
Episode 16 of the Capstan Live Podcast podcast, hosted by Capstan Tax Strategies, titled "Stepping Out with 754 Step-Ups" was published on June 20, 2022 and runs 19 minutes.
June 20, 2022 ·19m · Capstan Live Podcast
Summary
The 754 step-up is notoriously complicated, and it’s easy to overlook the inherent cost seg potential while dealing with all the moving parts. Consider this episode your official reminder that the new basis and service date seen in a step-up may tee up an excellent cost seg opportunity. Capstan Partner Bruce Johnson walks us through the details, shares a few caveats, and allows Helena to finally share her original work, “Lucy and Ethel Buy a Chocolate Factory: A Section 754 Story.”
Episode Description
The 754 step-up is notoriously complicated, and it’s easy to overlook the inherent cost seg potential while dealing with all the moving parts. Consider this episode your official reminder that the new basis and service date seen in a step-up may tee up an excellent cost seg opportunity. Capstan Partner Bruce Johnson walks us through the details, shares a few caveats, and allows Helena to finally share her original work, “Lucy and Ethel Buy a Chocolate Factory: A Section 754 Story.”
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