Find Laws Find Lawyers Free Legal Forms USA State Laws

CFR

367.4212—Account 421.2, Loss on disposition of property.

This account must be charged with the loss on the sale, conveyance, exchange or transfer of service or other property to another. The reduction in income taxes relating to losses recorded in this account must be recorded in account 409.2, Income taxes, other income and deductions ( § 367.4092 ).
Tips