Business & farm

@Smarc Thought abt that option of e-filing now and later amend to just send the Form 8990 later. However, I wasn't too inclined to that option. Also having spent so much time in 8990, just want to have that sent and addressed correctly (hopefully). Sounds ridiculous, but that's what happens after a while. As you see $100 is not a big deal at all, esp against the passive loss from the same entity. I may not even end up using them. Its more of filing it correctly, at least based on what I was aware at that time. Thanks for your help. I am an Engineer as well. Maybe we are wired differently than regular tax people. It's so complex. Either that or I should stay away from K1. Either way, glad its all over - paper filed yesterday. Hopefully, by next year TurboTax adds support for 8990.

 

Thanks

Richard