Science, asked by Anonymous, 1 year ago

What is transitory allocation????

Answers

Answered by SanjivanMukherjee
3
Your answer goes like this:-

Examples of transactions that fail the substantiality test. First, the regulations. describe transactions that are referred to as "shifting allocations". Secondly, the. regulations describe a separate set of transactions referred to as "transitory allocations".

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Answered by Anonymous
2
heya..

Here is your answer...

What is transitory allocation?

These are analogous to Shifting Tax Consequences except that this scenario covers multiple tax years.

Generally it involves an original allocation in one year and then an offsettingallocation in a later year.

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