Business & farm

I need to get this table for my CPA

All I want to do is talk to a human. The AI does not seem to understand that. I would like to schedule a call when humans are availble.

I have used Premier for years and never seen this issue before. I input all K1s via the questionnaire.

I need to report income on Schedule C and can't access it

This is in addition to the medicare premium taken out of Social Security

unable to get form 116 to generate

Used to use vehicle for business but didn't but they are still asking for mileage and other information to be inserted. How or what do I do to inform them it wasn't used for business.

It only gives me 3 choices. Could the error be from another form filled in incorrectly?

I have a rental property that is selling to a power company.  It DOES NOT qualify for 1031 Exchange, as it is selling on an option contract and they have already paid me part of the money.The contract is expected to close in December, and I will have long term capital gains of about 300k, so I’ll owe about 45k in capital gains taxes.The rental property is owned by a single member pass-thru LLC.I also have other rentals and a small farm that I operate.My question is, knowing I can deduct the full purchase price of a farm truck in the year it is purchased, will that offset the capital gains tax from the rental sale, so I don’t have to write the IRS a big check?

I received a final Schedule K-1 (Form 1065) from a real estate fund LLC for 2025. Boxes 22 and 23 are checked. The relevant entries are:Box 19, code C: about $11,800. This is property, not cash. What I received was a membership interest in a lower-tier LLC that the fund held.Box 5 interest income, box 11 code E cancellation of debt, box 13 code AE portfolio deductions.My share of partnership liabilities went from roughly $10,500 to zero.Ending capital account is zero.There is no box 1 or box 2 amount on the 2025 K-1 and no box 20 code Z. In 2024 the same fund reported a box 2 rental real estate loss, so it has been treated as a passive activity on Schedule E and Form 8582.I already hold and separately report a K-1 from that same lower-tier LLC, so after the liquidation I still have an interest in the underlying activity. It just moved from being held through the fund to being held directly.Two questions:1. Form 7217. I understand this is required for a box 19 code C property distributi

Code AE is clearly other deductions, but TurboTax fails to put it into that category. My understanding is that the IRS no longer allows some of these deductions, but that doesn't mean it shouldn't be categorized there (and it might still be used for state taxes) even if we are not getting the deduction.

How do I delete business I don’t want to file that

My wife and her business partner terminated their business in 2025.  There was no sale, just a termination and distribution of the capital accounts.  Their CPA prepared the form 1065 and the associated schedule K1s, marking each as the final return. I went through the step by step as follows:Describe the partnership – I checked "This partnership ended in 2025"Describe partnership disposal – I checked no entry I then filled in the boxes of the K1 as received from the accountant.  The return went through the error check with no issues.  However, when I checked the forms the "Final return" box was not checked.I checked the final return box on the form and ran the error check again.  This time it flagged me for not entering information on Schedule K1 Partnership Additional Information, Part II, lines 1-12.  These lines seem to pertain to the second choice of partnership disposal, where a partner sold or otherwise disposed of his partnership interest.

The desktop version asked me if I had employee's / Share holders that received a W-2 however it did not promt me to add info, where do I enter the w-2

On a K-1 I received there are multiple pass-thru businesses owned by the partnership listed that have Sec 199 Incomes. I have not found a way to enter more than 1 pass-thru entity under Box 20, Code Z after clicking 'The Income comes from another business'. Am I missing something?

No text available

I'm filing an AZ Form 140NR as a nonresident. My AZ Schedule K-1(NR) from a partnership shows a pass-through entity tax credit of $777. Where do I enter this credit?

Issued a K1, form 1065.  Box 9a (net long-term capital gain (loss)) has a negative number.  As section 199A has multiple EINs and there is information in both boxes 1 (ordinary business income) and 2 (net rental real estate income), I am creating multiple K1s in turbotax.  That same negative number is listed in the current year net income (loss) and other increases (decreases) section.  It is not listed in schedule of activities section or section 199A information box 20, code Z.  Do I enter the amount in box 9a in each of the K1s?  If not, how do I figure out the correct amount to put in the different K1s?  

Issued a K1, form 1065.  Box 20 AJ says STMT.  Description says “Aggregate business activity gross income or gain” and then under amount has a positive number, 72.  As section 199A has multiple EINs and there is information in both boxes 1 (ordinary business income) and 2 (net rental real estate income), I am creating multiple K1s in turbotax.  There is no description of Aggregate business activity gross income or gain in section 199A, Box 20, Code Z, the current year net income (loss) and other increases (decreases) section or schedule of activities section.  Do I enter 72 in each of the K1s?  If not, how do I figure out the correct amount to put in the different K1s?  

I received a K1, Form 1065.  It has information under boxes 1, 2, 5, 6a, 9a, 9c, 10, 13 (H&L), 14A, and 20 (A, B, Z STMT,  and AJ STMT).  Under section 199 A which explains Z, there are various entities with different EINs (all are different from the company that issued the K1 form 1065).  One EIN has both ordinary and rental income.  The others are rental only.  Some of the rental real estate only companies have rental income, W-2 wages, and/or unadjusted basis of assets reported on the 199A.  One also has REIT which is the same number listed in box 6a. I am under the impression I need to enter multiple K1s.  When I enter the information in Turbotax, do I Select this income comes from A) the partnership that generated this K-1 or B) from another business (since I have the EINs for the other businesses)? Complete all questions in turbotax using the exact numbers from part III (the right hand side of form 1065) leaving 20 Z blank as that information will be submitted on the 199A que

I received a SC 1065 K-1.  I am a resident of SC.  Where do I input this information on my state tax return?

am i missing something?

this is what was automatically entered for me Tax details Business code 999000 Method of accounting Cash method (most common) Edit but i need to enter 111900

No BACK key is provided

Hello tax experts, I am using Turbotax Business 2025 w/ NC state purchased/downloaded for my NC Partnership return (Federal 1065, NC D-403).  In NC you can elect to pay income taxes of the partners at the entity level by selecting Pass-Through-Entity (PTE) and then take a deduction from that NC partnership income on the partner's personal tax return using Schedule S (line 38a).  The problem I am having is that my NC K-1 shows the NC income on line 11 and I checked the box for "Is The Partnership a Taxed Partnership" to "Yes", which I thought should flow to Schedule S automatically and thus creating the Schedule S for my personal D-400 return so I can deduct that income for NC tax purpose (since I already paid the NC income tax at the partnership level).  However it is not doing that, it doesn't produce the schedule S at all, and I am not able to take the partnership income deduction and end up paying the NC tax twice on the same income.   What could b