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I understand the confusion. the other tax office was not clear about the the process of the selling and the balance sheet looks un organized. after doing some a...
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A client selling the business but not the S corp (not the shares). so the S corp will be closed after the process is done. no assets or real estate were sold.do...
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If they used to live in the property, there is no need to file 1065 since it’s not an investment, if one of the partners used it as an investment, then he shoul...
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thank you for the answerI was thinking of doing override, but it will always turn to red, so I was confused about if it will get accepted.
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In 2021 Jan-Nov ownership was 50% for each (Partner 1 and Partner 2) total income calculated was 200K, in Dec 1st 2021, partner 2 sold 50% of his shares to a ne...
