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I'm doing a partnership return and would normally categorize
I'm doing a partnership return and would normally categorize partnership share of liabilities at year-end as non recourse. However, one of the partners said that they could not use losses shown on the… read more
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Where do i report a1099-a, we adandon the house and the bank
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In the first year of receiving a K-1 From a MLP, can you add
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S Corp transfers assets of $1M value, with zero adjusted
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We have a ltd partnership with a $5mm building (currently
We have a ltd partnership with a $5mm building (currently worth $5mm) with a recourse loan of around $2mm. The GP can refinance the building into a $3mm NON-recourse loan take the proceeds and distrib… read more
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This is for Megan C Please help with the calculation of
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When a partner earns partnership interest via personal service,
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Property with a basis of $2,000,000, net of depreciation of
Property with a basis of $2,000,000, net of depreciation of $400,000, is subject to a nonrecourse mortgage of $3,000,000. The fair market value of the property is $1,500,000. The property is surrender… read more
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The accrual basis Four Winds Partnership owned and operated
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Louise, who died in January 2011, was survived by her husband,
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I am giving 5% equity in my LLC to an individual (not an employee).
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I was told when youre foreclosed on a property and the bank
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I own a home in Midlothian Va. that is in Chesterfield county.
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I have just sold my software company which was an LLC with
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My received a 1099A in 2009 related to her foreclosed home
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