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CALIFORNIA LEGISLATURE 1997 98 REGULAR SESSION ASSEMBLY BILL No. 754 Introduced by Assembly Member Kuykendall February 26, 1997, An act to add Section 10229 to the Business and Professions Code, and
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What is 754 introduced by assembly?
754 introduced by assembly is a form used to report information on certain tax matters related to partnership interests.
Who is required to file 754 introduced by assembly?
Partners or partnerships that meet the criteria set forth by the Internal Revenue Service are required to file Form 754.
How to fill out 754 introduced by assembly?
Form 754 should be completed by providing information about the partnership interests and making any necessary adjustments to the basis of assets.
What is the purpose of 754 introduced by assembly?
The purpose of Form 754 is to report the increase or decrease in the basis of partnership property when a partner transfers their interest.
What information must be reported on 754 introduced by assembly?
Form 754 requires reporting of the basis adjustments for partnership property, transferor partner information, and additional information related to the partnership interests.
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