Where to Input the Purchase of a Business (DBA) under the Corp 1120s?
I have a client that Purchase a Business under the S-Corp. for the amount of $58,000 which $14,080 was Furniture and Fixed Assets and the rest is the Business Name. Where in the 1120s & Balance Sheet would go this information. It was Purchase with business and personal accounts which the Owner wants the Corp to repay him back in the future?
