Discussion:Going from sch C to an S-corp
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Revision as of 20:43, 6 April 2007
Discussion Forum Index --> Tax Questions --> Going from sch C to an S-corp
| 6 April 2007 | |
| HI everybody,
I have a client who will probably go to an S-corp this year. She is now a Sch C business. How is her basis figured? She had already invested her money in the business and is now making a good profit. Would it be her retained earnings figure? She does have a couple of loans which I realize will be taking into account when her basis is figured. I think I found a worksheet somewhere online that broke everything down.... Thanks! | |
