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- Can Form 3115 section 481(a) adjustment be reflected on the 1120S tax return as an adjustment in calculating partner's basis?
Can Form 3115 section 481(a) adjustment be reflected on the 1120S tax return as an adjustment in calculating partner's basis?
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etiennegerald-y
Level 1
03-06-2022
11:59 PM
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Change of accounting method resulted in income rather than a loss for last year. How do I reflect the adjustment in the partner basis calculation?
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