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TT Business created a K-1 for my wife's LLC. When I use TT Deluxe for our personal taxes, it asks for assets I bought for the LLC, but I already entered them in TT Biz.
TT Business created a K-1 for my wife's LLC. When I use TT Deluxe for our personal taxes, it asks for assets I bought for the LLC, but I already entered them in TT Biz.
Why do I need to enter assets bought for the business in TT Deluxe? Besides the double work, I'm afraid TT Deluxe would be claiming a duplicate asset, raising a red flag.
If that helps, I paid from my own pocket (I'm not part of the LLC) because the business is still slow to take off -- the K-1 shows a loss for 2016.
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‎June 4, 2019
2:40 PM