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Benton
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  • A new client owns a large commercial property with only one tenant that pays $6,000 a year in rent. The client takes a massive loss on this property paying util...
    Benton
    1
    Mar 12, 2024
  • So, to clarify (please correct me if I'm wrong): the FMV of the asset was $22,000, and the gain would then be split evenly between the two members just like nor...
    Benton
    1
    Mar 09, 2024
  • Hello. An S-corp with two members has one outgoing member. He leaves on 10/31/23. Each member has a stock basis as of this date of $18251.92. The outgoing membe...
    Benton
    3
    Mar 09, 2024
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