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Deductions & credits
Thank you Mike for your response.
The equipment was taken to a recycle place for recycling when I ended the warehouse's lease last year. These assets have no any value at all.
Could you please elaborate a little bit how to report this on the S Corp return?
The shareholder's basis is $27,900. Is all that amount to be distributed to shareholders, which in my case, it's only me?
Thank you.
‎April 12, 2021
1:13 AM