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Need to calculate the partners basis in their partnership
Need to calculate the partners basis in their partnership interest. To calculate the gain from sale. … read more
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Preparing 1040 returns (2013 - 2017) for a Tax Payer (TP) who is a 50% partner in an LCC for a film. The tax accountant who prepared the 1065 returns believes that the $108,884 income allocated to TP … read more
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The extension is granted on the Like Kind exchange and I
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If I give a loan to my partnership, does it increase my
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To: how to determine how much of the liabilities on an LLC
To Barbara: how to determine how much of the liabilities on an LLC balance sheet are "nonrecourse" or "recourse"? If all the liabilities are accounts payable and accrued expenses and if we have no spe… read more
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I have a question about the tax consequences of disposing of
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If I am a partner in a partnership and I give a loan to the
HI,If I am a partner in a partnership and I give a loan to the partnership. The loan agreement is between the partnership and myself. Does it mean that I can increase my tax basis in the partnership?T… read more
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On Form K-1 what does Partner's share of nonrecourse,
On Form K-1 what does Partner's share of nonrecourse, qualified non recourse financing, and recoruse represent and how does it affect my personal taxes?… read more
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I have a general partnership with my husband and I have a question
I have a general partnership with my husband and I have a question about my K1. When I take a check out of my company during the year does that portion of the money need to be in box 19 under cash and… read more
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I have a question about the schedule K-1 of the Partnership
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I have a taxpayer that did not receive K1s since her $10,000
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Im completing a final 1040 for a decendent who has a K-1 from
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partners a and b contributed $100,000 each to form partnership
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I have an individual who is not insolvent, but who owns a partnership
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hi, my question is pertaining to partnership (llc taxed as)
hi, my question is pertaining to partnership (llc taxed as) basis. i know there is a partners' outside basis, a partners' inside basis or tax capital account and a partners' book capital account (actu… read more
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Me and a partner started a company, an LLC, in 2009 (mid-year).
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I just sold my interest 50% ownership in an LLC free of all
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In computing a partners basis in a real estate ...
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