Good to know I did things correctly in 2008. Bad to know that I am going to pay a large amount of tax in 2022. I have one followup question. The LLC has 9 membe...
Rick: thank you so much for your comprehensive reply. Just so I understand your comments, when I report the sale of property 2 on schedule 4797, in box G, do I ...
one member of the LLC had a section 754 made at the time of inheritance and his section 754 deduction was included in his K-1 for the year I inherited my intere...
some LLC had section 754 deductions prior to the year I inherited my interest but a section 754 was not applied by the LLC's CPA to my inherited interest.