Hello PatriciaV,Thank you for responding to my question. We were hesitant to place this interest income received on the note as other income as you suggest beca...
Yes, we are using form 6252 and went through the TurboTax interview mode. We cannot find anywhere on that form to report interest. In several places and in the ...
My wife and I have a real estate partnership LLC and we file form 1065.We sold some real estate in an installment sale and have received interest payments from ...
So, we just needed to add $23 in interest income on our 1065 after we electronically submitted and IRS accepted our 1065. Simple, right? Opened up TurboTax for ...
Thank you for your quick reply. It is just a twist on the whole, you need earned income to contribute to an IRA and earned income is reported on a W-2. In this ...