sjrcpa
Level 15
03-06-2023
06:36 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Fixed Assets are Assets. Assets sold for $25,000. Basis 73,187. Sounds like a loss to me.
The receivables sale is reportable on 2022. Not eligible for installment sale treatment.
The more I know the more I don’t know.