Semantax
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Thanks Dave. I checked with the accountant who prepared the K1 and he agrees that as a section 1231 gain this income is not QBI eligible. The LLC held land whic...
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I am using the CD/Desktop version and have the same issue. When asked to "Enter Box 20 info" I've selected "Z" and tried both leaving Box 20 blank and entering ...
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In the same boat! Sounds like if we have a positive number it is acceptable to not enter Box 20 data but welcome confirmation.
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That's very helpful, thanks Dave!I had followed the steps you described in the NYS interview, and had done the allocation to NY but when I looked at the IT-360....
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I actually received a different answer from an accountant in NY, who said if the W2 income was earned in NY (as it was) then the IRA contribution would be fully...
Activity Feed for Semantax
- Got Cheered for Re: Schedule K-1 Box 20 Code Z 199A Program Error Flag. March 23, 2024 9:09 AM
- Posted Re: Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A on Get your taxes done using TurboTax. March 17, 2023 1:10 PM
- Posted Re: Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A on Get your taxes done using TurboTax. March 17, 2023 9:27 AM
- Posted Re: Schedule K-1 Box 20 Code Z 199A Program Error Flag on Get your taxes done using TurboTax. March 14, 2023 2:11 PM
- Posted Re: new york state part year ira contribution allocation on State tax filing. April 11, 2021 2:10 PM
- Posted Re: new york state part year ira contribution allocation on State tax filing. April 10, 2021 7:17 AM
- Posted Re: new york state part year ira contribution allocation on State tax filing. March 28, 2021 6:23 AM
- Posted new york state part year ira contribution allocation on State tax filing. March 27, 2021 3:49 AM
- Cheered Re: I formed an LLC in NY in December 2020 which had no assets or activity in 2020. Do I need to ... for MaryK4. March 2, 2021 4:01 AM
- Posted I formed an LLC in NY in December 2020 which had no assets or activity in 2020. Do I need to file a 1065 or NY return? on Business & farm. February 27, 2021 6:58 AM
- Posted A parent passed away in 2020 and bequeathed me a Muni mutual fund. In order to liquidate the funds the bank required me to setup an account and transfer the assets. on Retirement tax questions. February 20, 2021 8:37 AM
- Cheered Re: If I pay electronically my 941 and 1040-es payments do I need to submit the filled out papers anywhere? Thanks! for Critter-3. November 2, 2020 12:03 PM
- Posted Re: If I pay electronically my 941 and 1040-es payments do I need to submit the filled out papers anywhere? Thanks! on Get your taxes done using TurboTax. November 2, 2020 9:40 AM
- Posted Re: Schedule C Car & Truck Expense - depr allowed is too large on Deductions & credits. June 22, 2020 9:19 AM
- Posted Re: AMT dep allowed/ allowable-1 is too large.Depreciation cannot exceed business basis. on Get your taxes done using TurboTax. June 20, 2020 4:54 PM