MariaLK
New Member

Business & farm

Thanks for your response.

Line 22 has a significant Ordinary business loss so a negative number.

 

So I get that there will be a refund but why is Turbotax suggesting that the company receive it vs. pushing it down to the K-1's?

 

Line 24a has the entire amount that the company sent in for estimated tax payments throughout 2023 including all the SS, Medicare and Tax withholding that was taken out of the paychecks for the two officers / shareholders.

 

And why would suggest that the refund is the entire amount sent in for estimated tax payments - I didn't think that the SS & Medicare were refundable?