Posted 12/24/2024 10:11 (#11023932 - in reply to #11023788) Subject: RE: Balance sheet adjustment
SE IL
dko_scOH - 12/24/2024 08:30 No. I can see the rationale for that, if you plan on selling it. But this land will be passed down at my death, with a new basis.
Then you probably don't need a balance sheet. I guarantee the bank is making the calculation if you're not. The bank wants to know what your NET worth is if forced to liquidate-however unlikely.
Balance sheet adjustment
