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Business & farm
@XrayDoc88 wrote:
Is it accurate to use Form 1120-S, Schedule M-2, line 8 of the Accumulated Adjustments Account as the starting stock basis at the beginning of the tax year?
I do not think so.
See https://www.law.cornell.edu/cfr/text/26/1.1368-2
March 29, 2022
8:08 AM