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Agreed, if he owned the activity / assets, step up to FMV. If she sold the assets within a reasonable time, I would use the sale prices as FMV. Also consider the intangible assets. If there was going concern ...

I believe it depends on the terms of the scholarship and whether it must be used for tuition and qualifying education expenses. If the scholarship is for tuition and education expenses then no. You'd also ...

So is the last $500 forgiven? Corinne G. Martin, MBA, Enrolled Agent Phone/Text/Voicemail: 909-241-7749 Fax: 877-501-2244 I do not open attachments. Please upload all documents in ...