J888
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I just checked my return--and the Turbo Tax generated Form was: "Schedule X--Fees and Other 5% Income Statement" and it populated with "Income from PPP Loan For...
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Thanks for your response. Interestingly--while I can't remember the exact wording--according to Turbo Tax prompts, I had to declare the part of the PPP I used f...
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sorry--to clarify--1 source said I can deduct Schedule C expenses like office rent, even though it was paid by by the PPP. This same source says I do not need t...
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Thank you, JoannaB2. That makes sense. The area I use for exclusively business is heated and habitable--Although perhaps unclearly written, I was asking about w...
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Thanks so much,ToddL99! Your response is the logical one, but for some reason I haven't found it that explicitly stated elsewhere.
Activity Feed for J888
- Posted Re: I need clarification re: my forgiven PPP Loan. 1 source says I can deduct expenses on my Sche... on Business & farm. May 20, 2021 5:14 PM
- Posted Re: I need clarification re: my forgiven PPP Loan. 1 source says I can deduct expenses on my Sche... on Business & farm. May 20, 2021 4:56 PM
- Posted Re: I need clarification re: my forgiven PPP Loan. 1 source says I can deduct expenses on my Schedule C paid for with the PPP, on Business & farm. May 17, 2021 1:46 PM
- Posted I need clarification re: my forgiven PPP Loan. 1 source says I can deduct expenses on my Schedule C paid for with the PPP, on Business & farm. May 17, 2021 1:43 PM
- Posted Re: Does the total sq footage for calculating home office deductions only include heated areas? O... on Deductions & credits. March 16, 2021 3:51 PM
- Posted Re: Does the total sq footage for calculating home office deductions only include heated areas? O... on Deductions & credits. March 16, 2021 3:05 PM
- Posted Re: Does the total sq footage for calculating home office deductions only include heated areas? O... on Deductions & credits. March 16, 2021 2:49 PM
- Posted Does the total sq footage for calculating home office deductions only include heated areas? Or would unheated areas, eg-basement, enclosed on Deductions & credits. March 16, 2021 2:11 PM
- Cheered yes. but realize that if you were to upgrade your comput... for Anonymous. August 28, 2020 7:01 PM
- Posted Re: IRA Contribution for 2019--TurboTax Software says it's too late despite extension until 7/15/... on Deductions & credits. June 25, 2020 1:09 PM
- Posted Re: IRA Contribution for 2019--TurboTax Software says it's too late despite extension until 7/15/... on Deductions & credits. June 25, 2020 12:36 PM
- Posted Re: IRA Contribution for 2019--TurboTax Software says it's too late despite extension until 7/15/... on Deductions & credits. June 25, 2020 12:05 PM
- Posted IRA Contribution for 2019--TurboTax Software says it's too late despite extension until 7/15/2020 on Deductions & credits. June 25, 2020 11:44 AM