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Yes I am comfortable the basis schedules are correct. Thank you for confirming what I was already thinking. I needed to run it by someone else just to make sure...
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He did receive cash on both but whoever prepared the S Corporation return and K-1s left basis on his schedules.
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My taxpayer has two S Corporation K-1s. The S Corporations sold their assets and property and have filed final tax returns. I do not prepare the S Corporations ...
