dkh
Level 15
a week ago
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
you're saying clients have a year with basis (profits) but not enough cash to take distribution to wipe out basis so you want to create a payable to pull this basis in a year with loss......
I follow your thought process but..........how is there not enough cash when they have profits but there would be cash available to pull from the distribution payable in a loss year ?
My clients generally have a poor cash flow in a loss year.