rbynaker
Level 13
04-09-2023
12:17 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Somebody has to come up with an allocation (and unless you're in the business valuation business, that somebody shouldn't be you.)
IRS Form 8594 is a good starting point. Form and instructions can be found here:
https://www.irs.gov/forms-pubs/about-form-8594
As with any business, you can't do the tax return until someone has done the bookkeeping.