About UCcpg

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Re: Why is TurboTax saying I must carry my NOL forward?

Thank you. This makes me question their maximum refund guarantee. Because a carryback is what would guarantee a maximum refund... With so many people using turb...

UCcpg

Updated Mar 03, 2021
Re: Why is TurboTax saying I must carry my NOL forward?

"The CARES Act provides thatNOLsincurred in2018, 2019, and 2020 may becarried backto offset taxable income earned during the five-year period prior to the year ...

UCcpg

2

Updated Mar 03, 2021
Re: For 1040X, I now owe $401. I then added $500 to Sch3 extension p...

No. This is an extension payment made 7/15/2019 for 2019. I am emending my 2019 1040 with 1040X. Among other things, I did not report my extension payment and a...

UCcpg

Updated Feb 22, 2021
Re: For 1040X, I now owe $401. I then added $500 to Sch3 extension p...

This is not a payment. I didn't enter the extension payment in my original return. In 1040X I added it. But it doesn't reflect towards the total due at the top ...

UCcpg

2

Updated Feb 22, 2021
Re: S Corp Form 1120S and Additional Paid-in Capital (APIC) part II

@M-MTaxwrote:You're swapping one for the other, aren't you? Cash was spent to buy inventory, right?Initially yes. So assets were mainly inventory, which balance...

UCcpg

1

Updated Dec 30, 2021

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Date Registered	‎December 26, 2020 12:59 PM
Date Last Visited	‎March 5, 2021 5:08 AM
Total Messages Posted	16

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