Gary Posted November 25, 2008 Posted November 25, 2008 Under PPA Assume new plan. Say you have a beginning of year valuation (we'll use 1/1/08) and determine that the maximum deduction is 100,000 as of 1/1/08. Can this figure be increased at the effective rate of interest until 12/31/08 as a maximum? That is, if eff int rate is 6% could it be $106,000 for max deduction? Other views? Thanks.
Effen Posted November 26, 2008 Posted November 26, 2008 I think this is one of those things that no one seems to be sure of yet. The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
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