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Husband and wife note covered by a retirement plan. Both 69. Have IRA contributions of $7,000 each. The return is showing these contributions as nondeductible. ...
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LLC (two members 50%-50%) has a drop and swap entered into in November 2020 but sale did not take place until 2021. I have distributed the property out on the K...
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Treating as a liquidation with zeror basis and sales price
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With a final K-1, I check the box noted as Final K-1, The partnership was closed and remaining cash distributed. I then checked the box "Partnership was discont...
