About annmci

Level 2

Member profile

Latest badges earned

Replies
Posts

Re: Sub S adjusting basis in multiple assets due to insolvency

I appreciate your responses.However, none have addressed my question.In TT (in the OP I accidentally put QB)How do I handle an asset that still has some basis l...

annmci

Updated Feb 28, 2026
Re: Sub S adjusting basis in multiple assets due to insolvency

Thanks for responding.Again, I loaned $ to the corporation, not a person. I received absolutely nothing and never will. I did not do my due diligence before mak...

annmci

2

Updated Feb 28, 2026
Re: Sub S adjusting basis in multiple assets due to insolvency

Thanks for responding.Not at all. There are still several assets that have basis.As you would expect, after zeroing out asset(s) there was less than the total r...

annmci

4

Updated Feb 28, 2026
Re: Sub S adjustment to multiple assets due to insolvency

Anybody? I hope I don't have to override. Am I right that, if I do, I will likely have to paper file?

annmci

1

Updated Feb 18, 2026
Re: Asset worksheet instructions and Form 3115

I haven't gotten into the form that much yet but are you saying that the 3115 in TT Business for Sub S has a place to enter each asset separately?

annmci

1

Updated Feb 17, 2026

Membership stats

Public Statistics

Date Registered	‎November 12, 2025 1:20 PM
Date Last Visited	11 hours ago
Total Messages Posted	19
Total Cheers Received	1

Quick links