sjrcpa
Level 15
03-30-2021
12:55 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
It is your client's job to track the basis, not the accountant's. How would the accountant even know the outside basis?
If your client received this by gift, the starting point for basis is the giver's basis.
The more I know the more I don’t know.