Business is all cash and has revenue of about $10k per year
Have used this product many years and not had this problem till this year.
There are 2 shareholders in this business, so clearly at least one has more than 20% control. Does that mean the business is a "pass through?"
But in any case the revenue level is a small business and it known by turbo tax. In addition there is no interest expense (also known by TurboTax) should override the trigger for form 8990?
Thanks for any help on this.
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Thanks for response. I am sure 8990 is not needed and I am going to press on and see if I can get turbo tax to accept efile without it. And since form 8990 is "scanned and attached" turbo tax probably doesn't know if it is really the 8990. If I am correct that I don't need it, then intuit needs to do some cleanup on this issue
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turbotax created some sort of 8990 based on my file - I don't think it is required, but I went ahead and attached it. I got response that IRS had accepted it.
