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New Husband & Wife P'Ship tracking Partner cost basis

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    #1

    New Husband & Wife P'Ship tracking Partner cost basis

    New Husband & Wife P'Ship (2 members each a member) tracking Partner cost basis is to done individually, correct?
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    #2
    Originally posted by AZ-Tax View Post
    New Husband & Wife P'Ship (2 members each a member) tracking Partner cost basis is to done individually, correct?
    All partners are always track individually. Profits, distribution and contributions are assigned to each as they occur.
    This post is for discussion purposes only and should be verified with other sources before actual use.

    Many times I post additional info on the post, Click on "message board" for updated content.

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