TimO
Level 1
04-07-2024
12:37 AM
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dascpa
Level 12
04-07-2024
08:34 AM
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There are two methods when a S corp shareholder leaves. The weighted average you mention or close-of-books as of that date. In that case you will need to use special allocations in the K-1 worksheet to force proper info.
TimO
Level 1
04-07-2024
11:14 AM
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Thanks so much for your reply. I was able to figure it out.