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Here's a great article that sums up the issue and states that the offset to the market value entry goes to equity as Unrealized Gain/Loss.https://www.investoped...
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Totally get that. But if I'm showing a book basis balance sheet for the S Corp, does the value of their investment account at 12.31.20 need to tie to their stat...
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Totally get that. But if I'm showing a book basis balance sheet for the S Corp, does the value of their investment account at 12.31.20 need to tie to their stat...
