mmarc2000
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Thank you, Rick19744, that was exactly what I needed. I thought there might be some issue if I tried to file a 2022 return after a final return had been filed. ...
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i just received the refund check 2 weeks ago so I assume this is a 2022 event with the tax return due in 2023, correct?
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CLARIFICATION: the amount received from the IRS was a refund of a previous penalty, not a tax refund. The penalty refund includes interest income
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DianeW777, thank you for your thorough explanation. Do you think there is any opportunity to deduct it on Schedule E as "other expense"? I've done this in the ...
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Thank you KarenM90. The business was closed in 2019 when the physical assets were sold. If I understand correctly you are suggesting the debt gets converted to ...
Activity Feed for mmarc2000
- Posted Re: UPDATE: Interest income received by LLC 2 years after "final return" was filed due to sale of biz on Get your taxes done using TurboTax. October 10, 2022 7:02 PM
- Cheered Re: UPDATE: Interest income received by LLC 2 years after "final return" was filed due to sale of biz for Rick19744. October 10, 2022 7:00 PM
- Posted Re: UPDATE: Interest income received by LLC 2 years after "final return" was filed due to sale of biz on Get your taxes done using TurboTax. October 10, 2022 4:31 PM
- Posted UPDATE: Interest income received by LLC 2 years after "final return" was filed due to sale of biz on Get your taxes done using TurboTax. October 10, 2022 2:10 PM
- Posted Re: Interest income received the year after my business filed a final tax return on Get your taxes done using TurboTax. October 7, 2022 10:59 AM
- Posted Interest income received the year after my business filed a final tax return on Get your taxes done using TurboTax. October 7, 2022 10:23 AM
- Posted Business expense paid out of pocket for biz sold in prior year on Business & farm. April 29, 2021 7:51 AM
- Posted Business expense paid out of pocket for biz sold in prior year on Deductions & credits. April 28, 2021 7:37 PM
- Posted Re: Deducting business expenses the year after a business is sold on Business & farm. March 4, 2021 9:51 AM
- Cheered Re: Deducting expenses in 2020 for a business sold in 2019 for Mike9241. March 4, 2021 9:00 AM
- Posted Re: Partner's loan to a partnership upon sale and dissolution on Get your taxes done using TurboTax. March 7, 2020 2:40 PM
- Posted Partner's loan to a partnership upon sale and dissolution on Get your taxes done using TurboTax. March 7, 2020 1:52 PM