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Are you a charitable remainder Unitrust?
If you are not, then you do not have to fill out column C
I am charitable remained unitrust
To compute the column C you would have to get the net fair market value of assets at either any one date during the year or an average of different dates during the year
For cash, your fair market value would be what you have. Cash is line 38
can I use End of year book value/
No you would use the fair market value. You would have to have a valuation
I think the complete balance sheet is fill out wrong how can I straighten it out?
Well, you would simply get a new form and fill out the correct information in the proper columns
The beginning book value is in column a, and the ending book value is in column b
Column C is for the fair market value
I think I need to turn the problem over to tax expert in Las Vegas any suggestion.
You can contact your local state board of accountancy for names of professionals in your area
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guess not have not had this problem befor
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