diehl_n61012
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These leasehold costs are separate from my IDCs. They are acreage costs (lease bonus, land work, G&G).I need to capitalize them but I'm not sure where to within...
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It's a single member LLC. So the taxes are filed under my personal 1040. I believe these IDCs need to be expensed on the Schedule C. But Turbotax does not have ...
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I've tracked mileage and have the allocation figured out. I know this should be somewhere on the Schedule C but I'm still unsure where I actually input the sale...
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I don't receive K-1s.
Activity Feed for diehl_n61012
- Posted Re: I have a single member LLC that I use to invest in working interest projects for drilling oil wells. Where in turbotax can I report and capitalize my leasehold costs? on Investors & landlords. October 16, 2023 10:21 AM
- Posted Re: I have a single member LLC that I use to invest in working interest projects for drilling oil wells. Where in turbotax can I report my IDC expenses? on Get your taxes done using TurboTax. October 16, 2023 10:04 AM
- Posted Re: I have a vehicle that I use for personal and business use. I bought the vehicle and put it to use in 2022. Where in Turbotax do I report the sales tax for the LLC? on Deductions & credits. October 16, 2023 10:01 AM
- Posted Re: I have a single member LLC that I use to invest in working interest projects for drilling oil wells. Where in turbotax can I report my IDC expenses? on Get your taxes done using TurboTax. October 16, 2023 9:56 AM
- Posted I have a single member LLC that I use to invest in working interest projects for drilling oil wells. Where in turbotax can I report and capitalize my leasehold costs? on Investors & landlords. October 16, 2023 9:33 AM
- Posted I have a single member LLC that I use to invest in working interest projects for drilling oil wells. Where in turbotax can I report my IDC expenses? on Get your taxes done using TurboTax. October 16, 2023 9:32 AM
- Posted I have a vehicle that I use for personal and business use. I bought the vehicle and put it to use in 2022. Where in Turbotax do I report the sales tax for the LLC? on Deductions & credits. October 16, 2023 9:26 AM