Question
A corporation in the beginning of the year was an S corporation, in August they changed to a C coporation. The initial basis at the
A corporation in the beginning of the year was an S corporation, in August they changed to a C coporation. The initial basis at the beginning of the year was 50,000. How do I calculate the basis at the end of the year when it swicthed from an S to a C corporation during the year? Would the basis stay the same?
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The Auditors Guide Of 1869 A Review And Computer Enhancement Of Recently Discovered Old Microfilm Of Americas First Book On Auditing By H J Mettenheimer
Authors: Peter L. McMickle, Paul H. Jensen
1st Edition
0367534622, 978-0367534622
