TTax asks me something like - is this the last Schedule K-1 you “expect” to receive. By using the word "expect", I assume it will not be a big deal if I turn out to be wrong in answering yes, correct? I am on the fence, frankly.
Mostly because both of my parents got ill and passed away in early 2021, I forgot to make my first estimated tax payment on time and penalties are due. So, I am applying for relief based on those circumstances. Ttax then says I owe no penalties yet and then says form 2210 is required. Does that mean TTax will automatically add that form for me to fill out, or will I need to find it manually?
TTax asked me if all of my business is generated from my home office. Does anyone know if this needs to be 100% to get the full home office deductions that I would get if I answered 100%? It is certainly at least 95%.
I generate EXCEL templates as my line of business on Schedule C and run simulations, so I got two new computers in 2021. Are those supposed to be listed as Section 179 property and, if so, what is the ramifications of such compared to listing it as an office expense?
Thanks much, folks. Please answer whichever ones you know, even if you don't know all of the answers.
