Hi, so, thanks for an amazing accounting program. I'm still learning how to use it.
Over the past few years, I personally paid artists to produce comic book art. I created an S-corporation to finish the work and publish. An accountant recommended that I transfer the intellectual property, tangible artwork, script copyrights etc. to the new corporation in exchange for shares of stock equal to what I paid for it previously, i.e. if I spent $5000, I will exchange for 5000 shares. I will have very little personal or business income this year, so claiming this as a loss on taxes this year will not be helpful. The accountant said I can amortize the loss until future years and claim it as an expense on a future year's tax return. How do I account this in GnuCash? Thanks. Mark -- Mark Hedges CEO Weird Vibe Inc. +1-310-487-7123 https://weirdvibe.media _______________________________________________ gnucash-user mailing list [email protected] https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
