Shot in dark here, but has anyone represented a buyer on a deemed asset purchase for a company that was contract heavy (used PCM)? Understood there are mid contract change rules but how did you treat the asset (cost in excess of Billings) and liability (Billings in excess of costs) in context of 1060 allocation?

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Posting as :
works at
You are currently posting as works at

Is PCM expected to apply?

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Not following question

I would think class 3 or 5 if that is your question

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