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After entering Taxpayer income and expenses for his S-Corp, I got an error message that balance sheet is out of balance. I have reviewed all the entries but I c...
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Yes , I got my answer. I used the FMV at the date of inheritance.
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The money went to a trust fund, then payment for both houses was made from the trust fund.
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It was inherited in 2021, when taxpayer parents passed away. Tax payer and his sister lived there after parents passed away..
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My Client sold the house that he inherited form his parents and use the proceeds to purchase two homes. How should I report this like exchange. Which forms shou...
