- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Thanks to everyone who replied to this question. I hope you see my reply although most of you, having already completed your tax forms, have gone away and think of this and the whole tax thing a bad nightmare..
For this particuar question, there is no answer. People either put in a zero or deleted the form. Again, the question seems to be that is you own shares of an LP the IRS is trying to make you an active participant in the business . They even ask what the company's accounting methods are.
Somebody suggested that this was caused by last minute Congressional changes. Possible.
So, I expect if I am not of the IRS political persuation, I stand to be audited. Since it's asking how much I want to defer, zero (0), seems to be a good answer, don't defer anything. Deleting the form seems to negate whatever lilne 19 has in it.