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O TeX COMPANY OIL 600 SUITE 1245 EAST SALT LAKE PHONE BRICKYARD ROAD CITY,UTAHB4106 (801)4842262 August 16, 1985, RECEIVED State of Utah Department of Natural Resources Division of Oil, Gas and Mining
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What is 1245 east?
1245 east refers to a specific tax form used for reporting income or losses from the sale or exchange of business property.
Who is required to file 1245 east?
Individuals or businesses who have disposed of business property and need to report any gains or losses on the sale or exchange are required to file 1245 east.
How to fill out 1245 east?
You can fill out 1245 east by providing detailed information about the disposed business property, the date of sale or exchange, the cost basis, depreciation taken, and any gains or losses incurred.
What is the purpose of 1245 east?
The purpose of 1245 east is to accurately report any income or losses from the sale or exchange of business property for tax purposes.
What information must be reported on 1245 east?
You must report details about the disposed business property, including the date of sale or exchange, the cost basis, depreciation taken, and any gains or losses incurred.
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