Corporate Partnership Accounting Entries

Loscille · #1 Apr 7, 2007, 09:19 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, 07:03 AM

Quote:

Originally Posted by Loscille

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.



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