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I noticed the RMD requirement today too.Hopefully, PS fixes this glitch.To get around this, is there any harm in checking the Yes box that the entire gross appl...
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Ok, I'm getting back to this S Corp client's tax return who had an asset sale during 2024.Asset sale consists of the following:$50K AR$114K Inventory$15K Equipm...
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Thank you, everyone, for your help.
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Yes, I have that covered. Thanks.So, since AR and inventory purchases are included in normal operating profit, are only the fixed assets and goodwill purchases ...
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Thank you for helping with this.It's an asset sale with a partial payment and a buyer note.The purchaser is buying AR (seller uses the accrual basis), inventory...
