@Rick19744@Anonymous_Your K-1 instructions must be different than what I am seeing.https://www.irs.gov/instructions/i1065sk1Regardless, as stated previously, if...
So I added the income for Non-Compete and Lease Transfer to line 11 "Other income (loss)" on the K1s.Now over to TTD 1040.I've entered the K1 information but th...
"Typically a noncompete is between a buyer and the owner(s) or key individuals; not the business. This noncompete is generally a separate agreement; but not alw...
The lawyer performed a "closing" and the a "purchase price allocation" document signed by the buyers and sellers reflected the apportionment of the sale price a...
