On Apr 5, 6:47 am, lo...[at]hotmail.com wrote:
- quote -

Good point. Maybe the reason is the partnerships can make a 754
election and S Corps can't (or can they)? Or maybe it's just that way
for illogical historical reasons.

http://www.wikicpa.com/index.php/Section_754_election

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On Apr 3, 9:43�pm, Harlan Lunsford <luns...[at]bellsouth.net> wrote:
- quote -

But isn't this true also - and exactly the same - for a partner in a
partnership? But the partnership returns show capital accounts...

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removeps-groups[at]yahoo.com wrote:
- quote -

what he paid another shareholder for stock. it's not always a case of a
shareholder paying the corporation for capital stock.
And of course the corporation has no way of tracking this.


ChEAr$,
Harlan Lunsford, EA n LA

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Why does 1120-S K1 does not capital account analysis? I can
understand this for 1041 K1.

http://www.irs.gov/pub/irs-pdf/f1065sk1.pdf
http://www.irs.gov/pub/irs-pdf/f1120ssk.pdf
http://www.irs.gov/pub/irs-pdf/f1041sk1.pdf

FYI, I did try to google for this. Couldn't find anything. I'm sure
this question has been asked before.

In any case, the company's analysis of capital account may be
incorrect? But how could this happen? I can see this might happen
when you exchange depreciated property for shares, but if the
company's shareholder ledger is well maintained, it should always be
100% accurate.

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