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Chart of PLR 201324005 - ADS Not Required for Possession Located Property Held Through Partnership

2013-10-02

Below is a chart of PLR 201324005 in which the IRS held that depreciation is not required pursuant to the alternative depreciation system ("ADS") of §168(g) when the property is held through a domestic partnership and is located in a possession of the U.S.   

The chart can be viewed as a PDF file here: PLR 201324005

PLR201324005

Tags: Charts - Situational Charts