Shareholder had a disallowed loss carryforward from an SCorp in 2006.
That SCorp became a QSub of his other SCorp in 2007.
Can I take the loss in 2007? There is enough basis.
If so, do I report it under the "parent" SCorp EIN, or the QSubs (old and now defunct) EIN?
Thanks for any advice.
That SCorp became a QSub of his other SCorp in 2007.
Can I take the loss in 2007? There is enough basis.
If so, do I report it under the "parent" SCorp EIN, or the QSubs (old and now defunct) EIN?
Thanks for any advice.