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  • Partnership K-1 capital accounts are supposed to shown on a tax basis this year. The total of the capital accounts flow into the balance sheet which is on a boo...
    Mar 01, 2021
  • Since the estate is a net loss why can't I have the estate pay any income tax which in this case is zero?
    Apr 28, 2020
  • I need to file a 1041 for a client that had to go through probate. He capital gains of $7,000 and attorney fees and fiduciary fees of $12,000. Thus the estate h...
    Apr 28, 2020
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