- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Do i need to transfer partnership assets from a K1 into my s corp balance sheet?
I have a s corp holding company for multiple businesses and real estate holdings. Do I need to transfer the assets from those individual businesses and real estate into my S corp balance sheet for my tax return / K1?
If so, do I just transfer my ownership amount or the full asset & liability values or just my percentage of ownership?
Topics:
‎April 1, 2020
9:58 AM