I entered a value for "Ordinary business income (loss)", but TruboTax
never asked me for "the total loss" or where it comes from on the K-1.
Very frustrating!
Hi community, I had AABA shares and received cash liquidation reported
in 2019 1099-DIV box 9. Based on the relevant threads here, this cash
liquidation is partial as there will be distributions in 2nd half of
2020 and 2022. I also sold all AABA shar...read more
For July 15 deadline, I'll need to pay the estimated taxes for following
two quarters:First quarter: formerly due on April 15Second quarter:
formerly due on June 15My question is that should I1)Fill two separate
Payment Voucher forms and write two se...read more
Hello-My California form 540 looks like it is not computing my mortgage
interest adjustment correctly. I am well under the federal limit of
$1,000,000. It looks like the problem is relating to the fact that my
home loan that was refinanced (showing i...read more
I have several rental properties that I have to aggregate under the QBI
Safe Harbor allowance, since this is the only way for me to satisfy the
record-keeping requirements as I don't spend enough time on each
property by itself. However, when I do my...read more
honemPosted Tuesday | Latest post yesterday by honem
Hi, I've got a K1 that says none of the income flowing through to me is
considered passive.* But Turbotax automatically considers it passive.
How do I change that in the program? Thanks, Mike * From the K1: PLEASE
NOTE THAT NONE OF THE DISTRIBUTIVE S...read more
