I am completing schedule K-1, box K in TurboTax Business Software.When I enter the mortgage under the step-by-step questions on the Balance Sheet, TT assumes th...
Is the deminimis election subject to 2% of the property value like the safe harbor for small taxpayers or any other limits? Are total repairs and maintenance li...
Hi. I am electing thede minimissafe harbor election to deduct expenditures up to $2,500 per invoice for my multi-member LLC (Form 1065). I do not have audited f...
Since the LLC reimbursed the partner for their travel expenses, I assume it will flow through as loss/profit on the K-1 to the partners rather than Schedule E.
My multi-member LLC purchased a a residential property with 19 units. If I/we travel to renovate one or two units, are those travel expenses (gas, hotel) capita...
