About silvertonbook

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Re: TurboTax S-Corp does not substract Shareholder Distribution when...

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...

silvertonbook

1

Updated Mar 14, 2021
Re: TurboTax S-Corp does not substract Shareholder Distribution when...

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.

silvertonbook

3

Updated Mar 14, 2021
Solved Re: "Distributions in Excess of Retained earnings" throwing off bala...

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...

silvertonbook

Updated Mar 13, 2021
Re: Which form to report business income if I own rental property th...

If all my incomes are rental related, do I still need to file Schedule C with $0?

silvertonbook

1

Updated Oct 06, 2020
Re: FORM 568 - How to remove it from my retutrn

I have a single member LLC but it doesn't do any business in California. Why does it force me to file form 568?

silvertonbook

1

Updated Mar 13, 2023

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Date Registered	‎July 4, 2020 1:51 PM
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