Harry Boscoe wrote:"It's only been a requirement if a current year taxable loss is being claimed," says makbo.
Do you mean "only" as in "other things didn't require it" or do you mean "only" as in "in prior years"?
Around the time that he had reached 20 entity investments, I had thought to pull this information together.
wwwcpa1biz wrote:All, this is crazy, especially when we are not preparing business returns.
All, this is crazy, especially when we are not preparing business returns.
OOPS!Income or Loss From Partnerships and S Corporations
— Note:
If you report a loss, receive a distribution, dispose of
stock, or receive a loan repayment from an S corporation, you
must
check the box in column
(e)
on line 28 and attach the required basis
computation. If you report a loss from an at-risk activity for
which
any
amount is
not
at risk, you
must
check the box in column
(f)
on
line 28 and attach
Form 6198
(see instructions).
Income or Loss From Partnerships and S Corporations — Note: If you report a loss, receive a distribution, dispose of stock, or receive a loan repayment from an S corporation, you must check the box in column (e) on line 28 and attach the required basis computation. If you report a loss from an at-risk activity for which any amount is not at risk, you must check the box in column (f) on line 28 and attach Form 6198 (see instructions).
Spell Czech wrote:Herewith instead the following, as well, too, in addition:
Harry Boscoe wrote:Tenletters: Thank you, thank you, thank you, for the two links in your Post #20, above. How in the world did you locate those two items? And during busy season, too!
Has anybody reading this been in discussion with the LB&I team about their work and the thirteen resulting campaigns?
Has anybody reading this ever even heard of the IRS's Large Business and International division?
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