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I'm doing a 2024 tax return for a client who owns a restaurant. It is currently a sole proprietorship so the business activity is on Schedule C. The W3 shows $2...
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S corp client had two equal shareholders (A & B). On 7/5/2024, A purchased B's membership interest for $340k making A the sole shareholder.Would the $340k go on...
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There it is - thank you so much!
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Hi all! This is driving me insane. I am preparing a 2024 partnership return for a client with a 754 election and 743(b) basis adjustment. I cannot for the life ...
