silvertonbook
Level 2
Member profile
- Replies
- Posts
-
I am confused. Please help me understand. I made no loan to the S Corp. I initially invested $20k as capital contribution to the S Corp. This year (the first ye...
-
Just for clarification, I am not withdrawing more than the stock basis. My stock basis is $20k so the $2k distribution is just a return of capital.
-
Did you eventually figure this out? I have the same issue. Since my Retained Earning is negative, TurboTax shows the distribution as $0 where the distribution i...
-
If all my incomes are rental related, do I still need to file Schedule C with $0?
-
I have a single member LLC but it doesn't do any business in California. Why does it force me to file form 568?
Activity Feed for silvertonbook
- Got Cheered for Re: FORM 568 - How to remove it from my retutrn. April 11, 2022 8:17 PM
- Posted My 1099-b worksheet produced by TurboTax looks weird with "For Interview use only" on Investors & landlords. April 9, 2021 9:44 PM
- Posted Re: TurboTax S-Corp does not substract Shareholder Distribution when the Retained Earning is negative on Business & farm. March 14, 2021 11:23 AM
- Posted Re: TurboTax S-Corp does not substract Shareholder Distribution when the Retained Earning is negative on Business & farm. March 13, 2021 10:37 PM
- Posted TurboTax S-Corp does not substract Shareholder Distribution when the Retained Earning is negative on Business & farm. March 13, 2021 10:16 PM
- Posted Re: "Distributions in Excess of Retained earnings" throwing off balance sheet? on Get your taxes done using TurboTax. March 13, 2021 10:02 PM
- Posted Re: Which form to report business income if I own rental property through LLC? on Investors & landlords. October 5, 2020 7:22 AM
- Cheered Re: Which form to report business income if I own rental property through LLC? for Anonymous. October 5, 2020 7:20 AM
- Posted Which form to report business income if I own rental property through LLC? on Investors & landlords. October 4, 2020 8:24 PM
- Posted Re: FORM 568 - How to remove it from my retutrn on Business & farm. July 11, 2020 10:54 PM
- Posted Re: Interest income and expense from a loan to LLC on Business & farm. July 4, 2020 2:34 PM
- Posted Interest income and expense from a loan to LLC on Business & farm. July 4, 2020 1:57 PM