ea_rva aka acctgtaxmatters
Level 5
10-09-2023
12:05 PM
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Thanks for that perspective. Husband 100% shareholder of Corp, 50/50 on the farm. 1) Is it simply additional paid in capital to the Corp 2) would wife have to then be a shareholder?? 3) I would have to manually add in all the Sch F assets correct? 4) and all the attributable loans related to the farm would have to be booked on the Corp side?