I'm using turbo tax business. Where do i deduct the amount we already paid? Do I file it on our 1065 or do we divide the amount paid and each claim half on our personal Income tax return. I can't seem to find the answer anywhere.
You'll need to sign in or create an account to connect with an expert.
LLCs don't pay taxes, so who did he make quarterly payments for? You or him?
The payments definitely cannot go on a 1065, but you'll need to see how he paid the IRS. Estimated tax payments can only be made for individuals or for corporations. He couldn't have made it for an LLC/ partnership.
It would have to have been made under an SSN, unless the LLC was mistakenly treated as a corporation?
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Kleyop
New Member
riogrande
New Member
renzink
New Member
ras53
New Member
AdamHurwitz
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.