qbteachmt,Sorry about the multiple bump messages. That was me thinking my posts weren't working. I didn't realize there was a delay in the post showing up until...
Rustler,Thank you for the response. You have reached the heart of my question. I am indeed offsetting my share of net profits by the non-deductible expenses. I ...
Rustler,I believe the second company is indeed an "Other Asset" on my balance sheet. Other other company is not an S-Corp and I've been accounting for my asset ...
Bump....I basically want to know how to keep my capital account (as reported to me in a K-1) in a company I've invested in balanced correctly. This is not my eq...
