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Thanks for your time and effort. I will just add it to the 1040 and move on.Take more care for yourself in these trying times.Todd
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The K-1 does not show any of the disposal of the asset. My line 22 of the 1120-S is lets say 50k and that is the same as line 1 of the K-1. The 17,000 gain does...
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Can someone please help me understand why I do not show a 4797 gain of $ 17,000.00 on my K-1.2014 purchased a 100% truck for 41,442. Used 179 of 25,000 and bonu...
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Good day to all: I have an S corp that traded in the business auto for $ 17,000 and keeping the new auto as personal. History purchased in 2014 for $ 41,442 use...
