Mel7777
Level 3
3 weeks ago
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Thank you!
Yes, it's confusing!
Yes they do have some interest and dividends in 2024 as their distributable net income and want that for the personal returns. I am trying to verify there is no additional gain on the house to recognize. Waiting for the CMA and hopefully a copy of the receipt and release from the attorneys.
They did take distributions greater than the interest and dividends, so it is appropriate to show the net income on Schedule B, line 10 as the amount required to be distributed?