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Business & farm
Need a little more information to provide guidance.
Not sure I understand "part of cash.....in the final closing....as ordinary income on the K-1"?
Are you saying you only have cash left to distribute to the shareholder's?
Not sure I understand "part of cash.....in the final closing....as ordinary income on the K-1"?
Are you saying you only have cash left to distribute to the shareholder's?
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎June 6, 2019
12:30 AM