I took funds out of a ROTH this year and TT is now asking: Report XXXXXX's net regular contributions prior to 2024. Does that mean it expects me to have a recor...
To be sure I understand correctly: For each 1099-R when it asks for what the RMD is for 2024 I should calculate what it is for just that distribution and then d...
We are operating on a cash accounting system.We have always distributed all of the profits and have made no capital contributions to the LLC.Since I will have $...
Sorry, confused. Yes I will have 751. There are only 3 assets in the LLC. All 3 purchased 15 years ago for $30,000 each and fully depreciated over the following...
Thanks. I will wait for his input. In the meantime: All of the assets are normal assets, no 751 property. All of the assets are fully depreciated so my tax basi...
