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Thank you so much - I changed the sale to show up on Sch D and everything is coming through as a long term gain. I appreciate the help!
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I have a client who received a cabin and some land from their parents way back in 2003. They own it with their siblings and have a multi-member LLC. It was neve...
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Thank you everyone!
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So I report the installment sale on the S Corp with the 6252 and that passes through on the K-1 to the owner and then I report the same installment sale on the ...
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The Shareholder did receive a note. I read the link you sent and I am still confused. If the business recognizes the gain, won't that pass through on the K-1? D...