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Business & farm
Agreed. There is something wrong here. It all has to do with Section 179 recapture not being properly reported and flowing through to capital accounts. In my case I have both recapture and guaranteed payments. While M1 is fine the issue really is M2 and TT pulling out guaranteed payments AND section 179 recapture. As such this results in a huge decrease in capital accounts.
March 10, 2023
8:35 AM