Rick, thank you so much for this advice. I feel confident that I am doing the TR correctly. In a perfect world is right... the Jan interest just hit the checkin...
Thank you both for your help. Should the 7203 show the liquidating distribution (that is on the 1099-Div) on line 13 as Other items that decrease stock basis?I ...
I am working on the final 1120S and I have a Balance Sheet with $20,000 in Cash and $20,000 Retained Earnings. My two 50% S/H will each receive $10,000 in cash ...