Maxtax899
Level 2
Member profile
- Replies
- Posts
-
Thank you ThomasM135. That was a great explanation. I think I get the general idea. Like you said it's not an exact science.
-
Ok. Thank you PatriciaV. I am seeing some light now! I did not capitalize these tools for depreciation on a previous tax return. They were all written off as a ...
-
Thank you! Turbotax Business is asking for me to attach a statement regarding the property portion of my distribution. The one thing I am struggling with is "Th...
-
Thank you, it's starting to fit together. Does the fair market value fit in with the "cost less depreciation"? The depreciation part for the corporation basis i...
-
Thank you ThomasM125. That is a huge help! Is there a simple way to explain "The corporations basis in the property"? I do appreciate it!
Activity Feed for Maxtax899
- Posted Re: Distribution of assets on Business & farm. April 5, 2023 1:32 PM
- Posted Re: Assets on final 1120s on Business & farm. April 4, 2023 1:04 PM
- Posted Re: Assets on final 1120s on Business & farm. April 4, 2023 11:21 AM
- Posted Re: Distribution of assets on Business & farm. April 3, 2023 6:53 PM
- Posted Re: Distribution of assets on Business & farm. April 3, 2023 4:53 PM
- Posted Distribution of assets on Business & farm. April 3, 2023 8:44 AM
- Posted Re: Assets on final 1120s on Business & farm. April 2, 2023 7:20 PM
- Posted Re: Assets on final 1120s on Business & farm. March 31, 2023 8:16 PM
- Posted Assets on final 1120s on Business & farm. March 31, 2023 4:30 PM
- Posted Re: No prompt for 7203 on Business & farm. March 29, 2023 3:54 PM
- Posted Re: No prompt for 7203 on Business & farm. March 27, 2023 7:54 PM
- Posted No prompt for 7203 on Business & farm. March 27, 2023 1:15 PM
- Posted Re: K-1 on Business & farm. March 25, 2023 11:47 AM
- Posted K-1 on Business & farm. March 25, 2023 10:47 AM
- Posted Re: Final return after dissolving S Corp on Business & farm. March 17, 2023 9:33 AM
- Posted Final return after dissolving S Corp on Business & farm. March 15, 2023 1:34 PM