vjlaw
Level 1
03-20-2023
11:54 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Or could only losses be used to reduced taxable income to zero?
Labels
dascpa
Level 12
03-20-2023
12:29 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Are you aware of S corp loss issues (basis, passive versus active, etc.) as well as NOL's and other tax issues? Make sure you're qualified to handle this tax return or else you could run into "preparer issues".