After select De Minimis Safe Harbor in 'Other', how to apply the De Minimis to an individual asset?When I add an asset with the value < $2500 such as a desktop ...
I found the following from IRS site 'If a shareholder receives a non-dividend distribution from an S corporation,the distribution is tax-free to the extent it d...
There is no form 7203 at all on TurboTax business for 2022 (last year)and M-2 line 7 is 0 for 2022Maybe what I can do is to keep the shareholder beginning basis...
I guess I made a small mistake not declaring the distribution of $50000 on line 16 of K-1 last year. But I guess this is not a fatal error since tax has been pa...
