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    bcarmalt's Avatar
    bcarmalt Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 14, 2009, 10:32 AM
    LIFO to FIFO tax effect
    In changing from LIFO to FIFO and the income is greater than 25,000, does the taxpayer have to take the income over 4 years or may the taxpayer elect a shorter time?
    codyman144's Avatar
    codyman144 Posts: 544, Reputation: 31
    Senior Member
    		  
    #2

    Feb 14, 2009, 01:44 PM

    This is more a tax question so I am asking for it to be moved there where an expert can help.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Mar 4, 2009, 04:28 PM
    Insufficient information to post a cogent answer!
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