You will need to enter your basis, or cost, in the property.

You have likely receive the "official" 1099-S. There is no requirement the issuer wait for a period of time before issuing the 1099-S.In the closing statement, ...

Yes, any deductible expenses would be reported on Form 2106 (Employee Business Expense). The amount of expense from 2106 must be included with other expense tha...

Yes, the rules would include your training year.Information about the exemption can be foundhere.

The basis in the S-corp is a distribution to yourself. You have basis in the LLC equal to the basis of the distribution for the contribution to the LLC. This as...