"A few uncommon provisions are retroactive to tax year 2024, and our ProTax offerings (Intuit®ProConnect™ Tax,Lacerte® Tax, andProSeries® Tax) will be up to dat...
"Might someone want to buy it just for the NOL which is now $325K? Is that a thing?"
Yes it is a thing but not a valuable one. A buyer's ability to use it is s...
The sale of the assets gets reported on the 1120S. Gain/loss is on the K-1.
$800,000 is a distribution on the K-1 (or whatever amount was actually distributed t...
