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In preparing an 1120S Schedule K-1, the gross receipts show up in in box 17 AC. If this is input on the taxpayer's 1040, this causes self-employment income to b...
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No. That has not been brought up. I am following the prior year taxes and how the client purchased the home. What are the pitfalls?
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When an S Corp purchases a residential rental property are the closing costs deductible as an expense on form 8825?