Discussion:Partners
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| Revision as of 19:54, 14 October 2009 Tfortaxes@msn.com (Talk | contribs) (New Discussion) ← Previous diff |
Revision as of 04:41, 15 October 2009 Captcook (Talk | contribs) (Tom, Try searc) Next diff → |
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| {{ForumNewPost|UserID=Tfortaxes@msn.com|Date=14 October 2009|Text=Have 2 partners that are changing from 1065 to 1120S when the calander says 1/1/2010. 100,000.00 for one machine depreciated in 2009. Do I distribute that machine value as a form of payment to the partners to clear the books? Can I carry it right into the new Corporation? I have tried searching the forum and did not find anything like this. My head keeps telling me to distribute the machine then lease or sell it to the new corp? Frankly, I am stumped! Thanks for any imput you have. Tom...T for Taxes.....}} | {{ForumNewPost|UserID=Tfortaxes@msn.com|Date=14 October 2009|Text=Have 2 partners that are changing from 1065 to 1120S when the calander says 1/1/2010. 100,000.00 for one machine depreciated in 2009. Do I distribute that machine value as a form of payment to the partners to clear the books? Can I carry it right into the new Corporation? I have tried searching the forum and did not find anything like this. My head keeps telling me to distribute the machine then lease or sell it to the new corp? Frankly, I am stumped! Thanks for any imput you have. Tom...T for Taxes.....}} | ||
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| + | {{ForumReplyPost|UserID=Captcook|Date=15 October 2009|Text=Tom, | ||
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| + | Try searching "351 statement" and doing some serious research on incorporation issues. It appears there may be a myriad of issues of which you may not be aware.}} | ||
Revision as of 04:41, 15 October 2009
Discussion Forum Index --> Advanced Tax Questions --> Partners
Discussion Forum Index --> Tax Questions --> Partners
Tfortaxes@msn.com (talk|edits) said: | 14 October 2009 |
| Have 2 partners that are changing from 1065 to 1120S when the calander says 1/1/2010. 100,000.00 for one machine depreciated in 2009. Do I distribute that machine value as a form of payment to the partners to clear the books? Can I carry it right into the new Corporation? I have tried searching the forum and did not find anything like this. My head keeps telling me to distribute the machine then lease or sell it to the new corp? Frankly, I am stumped! Thanks for any imput you have. Tom...T for Taxes..... | |
| 15 October 2009 | |
| Tom,
Try searching "351 statement" and doing some serious research on incorporation issues. It appears there may be a myriad of issues of which you may not be aware. | |
