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Get your taxes done using TurboTax
Thank you for the reply. Just to make sure I'm covering everything. When you say:
"You can enter exactly 50% of all of the costs and income. That will get the correct amount entered.", does Turbo Tax have a way or a check box that my company owns 50%. My thought/concern would be this could be interrupted as the entire value viewed as the 50% number.
"No. Just pick the option that you like. It won't impact this transaction.", Doesn't this generate the depreciation questions? This asked questions and flagged the Special AMT for Depreciation and prior Depreciation amounts. Both of which a $0 value was entered for.
I agree the Federal and State should match. Never had to enter taxes for this state in the past but I'm sure the software will guide me though it without issues.
Thank you again.