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Deductions & credits
The company is an LLC and I believe i am classed as a general partner. (No W-2, or NEC)
I get paid Gross and the llc issues Schedule K-1 in May/June. The K-1 data (Box 4, Box 13 and Box 14) is easy to enter in TT.
However, I work remotely from home in a different state and I am referring to those expenses. TT creates Schedule C for those expenses (utilities, office etc.). Is Sch C the correct one is my question?
‎April 2, 2022
1:36 PM