UCcpg
Level 3
Member profile
- Replies
- Posts
-
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...
-
"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 ...
-
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...
-
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 ...
-
@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...
Activity Feed for UCcpg
- Posted Re: Why is TurboTax saying I must carry my NOL forward? on Deductions & credits. March 3, 2021 4:16 AM
- Posted Re: Why is TurboTax saying I must carry my NOL forward? on Deductions & credits. March 2, 2021 4:56 PM
- Posted Why is TurboTax saying I must carry my NOL forward? on Deductions & credits. March 2, 2021 3:30 PM
- Posted Re: For 1040X, I now owe $401. I then added $500 to Sch3 extension payment but FEDERAL TAX DUE do... on Get your taxes done using TurboTax. February 22, 2021 1:36 PM
- Posted Re: For 1040X, I now owe $401. I then added $500 to Sch3 extension payment but FEDERAL TAX DUE do... on Get your taxes done using TurboTax. February 22, 2021 10:30 AM
- Posted For 1040X, I now owe $401. I then added $500 to Sch3 extension payment but FEDERAL TAX DUE does not change. Shouldn't it be $99 refund? on Get your taxes done using TurboTax. February 22, 2021 1:09 AM
- Posted Re: S Corp Form 1120S and Additional Paid-in Capital (APIC) part II on Get your taxes done using TurboTax. December 30, 2020 4:55 PM
- Posted Re: S Corp Form 1120S and Additional Paid-in Capital (APIC) part II on Get your taxes done using TurboTax. December 30, 2020 3:33 PM
- Posted S Corp Form 1120S and Additional Paid-in Capital (APIC) part II on Get your taxes done using TurboTax. December 30, 2020 1:23 PM
- Posted S Corp Form 1120S and Additional Paid-in Capital (APIC) on Get your taxes done using TurboTax. December 30, 2020 1:18 PM
- Cheered Re: Simplifying inventory accounting for LLC/S-Corp based on new TCJA inventory write off rules for Anonymous_. December 28, 2020 6:34 PM
- Posted Simplifying inventory accounting for LLC/S-Corp based on new TCJA inventory write off rules on Get your taxes done using TurboTax. December 28, 2020 11:32 AM
- Cheered Re: NOL Carryforwards and Carrybacks of owned business (S corp, LLC, 2020) for Mike9241. December 27, 2020 2:25 AM
- Posted Re: NOL Carryforwards and Carrybacks of owned business (S corp, LLC, 2020) on Get your taxes done using TurboTax. December 27, 2020 12:37 AM
- Cheered Re: NOL Carryforwards and Carrybacks of owned business (S corp, LLC, 2020) for Mike9241. December 26, 2020 4:21 PM
- Cheered Re: NOL Carryforwards and Carrybacks of owned business (S corp, LLC, 2020) for Critter-3. December 26, 2020 4:09 PM
- Cheered Yes, you will reduce it by the personal exemptions and pu... for MichaelL1. December 26, 2020 3:24 PM
- Cheered Thanks When I am deducting my personal exemption and cap... for dande36. December 26, 2020 3:24 PM
- Cheered You reduce the NOL carry forward by the 2016 figures (yea... for MichaelL1. December 26, 2020 3:24 PM
- Posted NOL Carryforwards and Carrybacks of owned business (S corp, LLC, 2020) on Get your taxes done using TurboTax. December 26, 2020 2:26 PM