Announcement

Collapse
No announcement yet.

Passive Loss 1065 Incorporates

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Passive Loss 1065 Incorporates

    Situation: Taxpayer is a limited partner in a partnership with suspended losses. The partnership becomes a C-Corp. Taxpayer receives stock for his interest.

    Question: Does the taxpayer's suspended loss affect his basis in stock or is it deductible in final year of partnership?

    Thanks in advance.
Working...
X