The Pharmacy Ownership Podcast | Episode 15 | Understanding 336E Elections

#localpharmacy #pharmacypodcast #pharmacy #independentpharmacy #pharmacyaccounting Buying or selling a Pharmacy? Contact us: https://www.sykes-cpa.com/ask-sykes/ Stock Purchase or Asset Purchase...Why not both? That's what you get with a 336(e) election. In this episode of the Pharmacy Ownership Podcast Ollin Sykes, CPA, CMA, CITP breaks down IRS Code Section 336(e), one of the most powerful yet least understood tools in pharmacy acquisitions. We cover: What a 336(e) election actually is The key advantage for buyers Preserving capital gain treatment Red flags to watch for And more! 🕰️Time Stamps 🕰️: 00:00 – 00:37 - Today's Topic: 336E Elections 00:37 - 1:51 - What is a 336E Election 1:52 - 3:13 - What is a Step-in-Basis 3:14 - The Advantages of a 336E Election 6:55 - 9:37 - Should You Take the 336E Election or Not? 9:38 - 9:50 - Why You Need to Work with a Specialist 9:51 - Wrap Up Check out all our social media: Facebook:   / sykesandco   Twitter:   / ollinsykes   LinkedIn: https://www.linkedin.com/company/syke... Instagram:   / sykescpa   Ollin Sykes, CPA, CITP, CMA LinkedIn:   / ollinsykes   More resources about this topic: Podcast - Cash Vs. Accrual Accounting For Pharmacies:    • The Pharmacy Ownership Podcast | Episode 1...   Podcast - Independent Pharmacy Accounting Fundamentals:    • Master The Margin Episode 1 | Independent ...   Podcast - Avoiding Expensive Mistakes:    • The Pharmacy Ownership Podcast | Episode 9...