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- Tax basis capital accounts differ from balance sheet Schedule L
Tax basis capital accounts differ from balance sheet Schedule L
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bporter
Level 3
03-16-2021
11:34 AM
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If Schedule L balance sheet is on a GAAP basis, the "capital" accounts on a "tax basis" or 704(b) basis will differ from Schedule L book capital. How are people handling this difference, as the Proseries software wants to adjust the BOY balance sheet
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