3146725
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

tbakermo
New Member

Wants to know if husband is still employed through a company.That company was bought out by another company.So is that considered a no?

The old company no longer exists.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
AnnetteB6
Expert Alumni

Wants to know if husband is still employed through a company.That company was bought out by another company.So is that considered a no?

How you would answer that question will depend on where you are in the program.  

 

For example, if you are getting started entering W-2 information, and you do have a W-2 for that company, then answer 'yes'.  That way the basic information about the company will already be there and it will not need to be entered.

 

Some state programs ask about the current employer.  If this is your situation, then answer 'no' since there is a new company involved.  

 

Either way, the answer is not likely to affect the tax return itself, so just answer to the best of your knowledge.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Wants to know if husband is still employed through a company.That company was bought out by another company.So is that considered a no?

When you say "employed through a company" do you mean: now employed by the company that bought out his old company, or employed by the one that was bought out?

 

Seems to me that "company that bought out his old company" is a yes; and if a "the one that was bought out", the answer is no. 

AnnetteB6
Expert Alumni

Wants to know if husband is still employed through a company.That company was bought out by another company.So is that considered a no?

Yes, I believe your interpretation is correct.  

 

If the question asked if he is still employed by 'old company that was bought out', then the answer would be 'no'.  If the question asked if he is still employed by 'new company that bought out the old one', then the answer would be 'yes' if he does still work there.  

 

@rocannon222 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question