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Hi, I can actually help with this. I think you would want to make the quarterly estimated tax payments in the name of the single member, and choose form 1040. O...
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Wouldn't the client then have to recognize the lease payments as income? I really don't see any way around recognizing the $700,000 as income.
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Thank you for your response, it was very helpful. I am not sure exactly how to do that, but I will figure it out and show your response to my boss.
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Yes, with making the necessary changes and the offset to retained earnings, which I did, after 2018 income is included equity is positive.On another note, now t...
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Yes, you're right, it's a capital contribution to the LLCs and I suppose a shareholder distribution from the S-corp as they are single-member LLCs
