mmm1958
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Yes this was resolved as of yesterday Feb 16,2024
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Thanks! That's what I was getting but the penalty seemed too high. Now I understand that the entiredistribution was subject to the 10% penalty.
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FMV definitely more than the basis. I only had the vehicle for a couple of years (purchased May 2019). Vehicle not used 100% business, last year only about 50%....
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Still confused. The total price of the new car was $30,897. Total Payment was $20,897 with the $10k allowance.Does that mean that the basis of the new car is $3...
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While I have decided to use another tax program for MA state taxes, just curious about this issue. Wouldn't Mass correct whatever returns are listing PPP loans ...
Activity Feed for mmm1958
- Posted Form 7206 Desktop version of TT (Home & Business) on Get your taxes done using TurboTax. February 19, 2024 6:25 AM
- Posted Re: Reject Code MA_ScheduleY_AGI_Updates on Get your taxes done using TurboTax. February 17, 2024 1:19 PM
- Posted Reject Code MA_ScheduleY_AGI_Updates on Get your taxes done using TurboTax. February 15, 2024 1:44 PM
- Posted CT pension subtraction smart worksheet including Roth distribution (earnings) - nonresident on State tax filing. February 10, 2024 6:08 AM
- Cheered Re: Form 7206 not allowing Efile for CatinaT1. February 9, 2024 7:31 AM
- Posted Form 7206 not allowing Efile on Get your taxes done using TurboTax. February 9, 2024 4:46 AM
- Posted Re: Early distribution of Roth IRA's - so confusing on Retirement tax questions. February 3, 2024 11:50 AM
- Posted Early distribution of Roth IRA's - so confusing on Retirement tax questions. February 3, 2024 8:24 AM
- Cheered Re: I don't understand how to calculate gain/loss on a vehicle traded in used part-time for busin... for ThomasM125. January 17, 2022 5:16 PM
- Posted Re: I don't understand how to calculate gain/loss on a vehicle traded in used part-time for busin... on Deductions & credits. January 17, 2022 4:02 PM
- Posted Re: I don't understand how to calculate gain/loss on a vehicle traded in used part-time for business. Does purchase price include the trade-in allowance? on Deductions & credits. January 17, 2022 11:19 AM
- Posted I don't understand how to calculate gain/loss on a vehicle traded in used part-time for business. Does purchase price include the trade-in allowance? on Deductions & credits. January 15, 2022 12:14 PM
- Posted Re: PPP loans on MA state taxes on Get your taxes done using TurboTax. May 10, 2021 12:15 PM
- Posted Re: Why is there a "Depreciation and Section 179 deduction" on my MA state Schedule C return? on State tax filing. May 8, 2021 7:27 PM
- Posted Re: Why is there a "Depreciation and Section 179 deduction" on my MA state Schedule C return? on State tax filing. May 8, 2021 1:16 PM
- Posted Re: PPP loans on MA state taxes on Get your taxes done using TurboTax. April 8, 2021 2:23 PM
- Posted Re: PPP loans on MA state taxes on Get your taxes done using TurboTax. April 5, 2021 8:23 AM
- Posted PPP loans on MA state taxes on Get your taxes done using TurboTax. April 4, 2021 8:56 AM
- Posted Re: Mass state tax deadline hasn't been updated- should be July 15 on State tax filing. March 30, 2020 12:42 PM
- Posted Mass state tax deadline hasn't been updated- should be July 15 on State tax filing. March 29, 2020 12:52 AM