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Investors & landlords
I will page @Rick19744 for this (if he is around) as this scenario can be quite complex and you may need to seek guidance from a local tax professional in any event.
You need to calculate your individual tax basis in the corporation, but you do not need to file a "partial year return" for yourselves as individuals (i.e., you do not need to file a 1040 for 2023 until next year).
‎April 23, 2023
8:57 AM
14,498 Views