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Business & farm
@PatriciaV Thank you so much for your helpful answer. I do need to fill out this schedule as my total receipts are greater than the cutoff. Just to clarify, though, should the amount I end up with on the final line of Schedule M-2 be equal to my ending bank balance? In other words, if it isn't equal do I need to figure out if something's wrong? And what figure from this year's return will the IRS be looking at to see if it matches up with my starting stock basis next year?
‎February 6, 2025
9:03 AM