Gary Bode, CPA: Property distributions to Partners can produce unintended IRS Form 1065 tax consequences
Partnership property distributions to Partners deserve proactive consideration to avoid unintended tax consequences upon IRS Form 1065 and NC D403 tax preparation. While the IRS rules are straightforward, application becomes complex as cash and multiple properties become involved.
“Restructuring a prior year Partnership . . . → Read More: Partnership Distributions: an IRS Form 1065 tax preparation example
