CHASSOCIATES
Level 2
05-01-2021
08:33 PM
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Thank you for your prompt response, you are absolutely right. This is the K1 information
Part II Loans from shareholder Beginning of the year $3473
end of the year $3473
Ln 1 ordinary business income $62,500,
Ln 4 interest income $1,735
Ln 12 A Other deduction cash contribution $49
Ln 16 B Other tax-exempt income $525,329
Ln16 C Other tax-exempt income 2,375.
Ln16D Distribution $331,196.
Ln 17 A Investment income $1,735
Ln17V Section 199A information $62,500
total Loss and deductions applied against stock basis $90,365.
the loss was carryforward from 2019 was $87,941
Suspended Losses $86,811 (2019)
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