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Loscille
Apr 7, 2007, 10:19 PM
I have been doing accounting for 25 years, and have just encountered an entry I've never made before. I need to record a loss from a K-1 Form in corporate financial statements, and on tax returns. Help!
delite
Apr 8, 2007, 08:03 AM
I have been doing accounting for 25 years, and have just encountered an entry I've never made before. I need to record a loss from a K-1 Form in corporate financial statements, and on tax returns. Help!
for finacial reduce equity in entity by loss. for tax record as an ordianry loss.
AtlantaTaxExpert
Apr 17, 2007, 10:52 AM
Sounds right to me.