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So I just adjust the basis and it does not effect his K-1 Income? Thanks so much for your help.
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I have a client who is closing his business. In his 1120S he has a stockholder loan of $19,000. How do I write this off and will it appear on his K-1 as Income?...
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I designated all income and taxes paid using the T & S coding for Taxpayer and Spouse. Is there a way to run a report for each showing Income and for each their...
