Tax Explorer
Level 4
06-18-2024
02:41 PM
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Hi,
I have a corporation that will file a 2023 1120 tax return for the fiscal-period from 04/23-03/24. The corporation sold a rental property it owned on 01/24. Should the corporation report the sale on its 2023 tax return or 2024 tax return (when the 2024 1099-S would be issued)?
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