Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Final 1065
Final 1065
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
CPA17
Level 2
02-11-2020
12:23 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Trying to prepare final form 1065. There is unamortized goodwill and closing costs on the books. Should I just amortize the entire leftover portion in the final return? Pro-series is calculating only current year portion only. Please advise.
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
2 Comments 2
sjrcpa
Level 15
02-11-2020
01:09 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The goodwill was "sold" on the last day of the entity.
Ex-AllStar
CPA17
Level 2
02-11-2020
02:23 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thanks for the response. that means, goodwill loss will go to form 4797 as trade or business loss. Only startup cost needs to be force amortize. Am I right?
Thank you!!
Related Topics
