I have looked in the community site, and cannot find this example. I
bought 400 shares of a REIT in 2011 for $25,000. In 2020, this REIT was
sold for $35,477.21. My 1099-B lists the date acquired as 2018, this is
when my new financial advisor took ov...read more
My wife and I didn't receive stimulus payments, as our AGI was above the
limit. However, TT's RRC worksheet calculated that we could take a
credit on our return, based on the following entries in the
worksheet:Line 7 = $2400Line 10 = $1200Line 11 = [...read more
beisbolPosted Friday
| Latest post yesterday by
sabe999
I got a K-1 for Colorado with: Federal income modified for Colorado:
-$10kNonresidents: Colorado source income: $240 Note that my investment
is in an entity that further invests in various businesses across US.
Which means I got 1 Federal K-1 for all...read more
I ended my partnership in my company in 2020 by having the company (LLC)
repurchase my stock. I was a very small investor. I received my 2020 K-1
which lists the Beginning Capital Account of $6000 and Withdrawals &
Distributions of -$6000. Only box 1...read more
Where can I enter a partnership (LLC) K-1 rental income loss for
Wisconsin? On the Income screen (this is Where Wisconsin handles income
differently) and there is no selection for Partnership? Premier Desktop
version
WSOPosted 3 hours ago
| Latest post 3 hours ago by
WSO
My Maryland (LLC) K-1 has a Partners LLC Members Income section which
shows a loss characterized as a "pro rata share allocable to Maryland
(Nonresidents/Residents)" Where do I enter this?? Most of the other TT
state returns have a column to enter Pa...read more
WSOPosted 4 hours ago
| Latest post 34m ago by
martinmarks
I know everyone is responsible for their own tax paperwork but I need
reasons for a reasonable cause letter and if TurboTax did not ask any
questions re large gifts and guide a person to fill out a 3520 it will
help bolster my argument.
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