JillS56,
This is very strange. As I was entering the LLC expenses, I noticed the fluctuation on the federal amount owed. Hence, I tried different numbers for only one entry. No other entries were made; i.e. income, dividend, etc.
For Repairs and Maintenance:
Entry Amount Owed for Federal
$10,211 $362
$5,000 $174
$7,000 $220
$10,000 $352
$1,000 $878
Use $1,000 in repairs, $878 owed - use as a starting point
For $5,000 in repairs, $174 owed, sounds right, because more expenses, lower tax
But for $7,000 in repairs, why would I owe $220? This does not sound right.
Looks like a bug in the software.
