jlondon11
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The filed K-1 shows no long term capital loss. Can I modify basis on personal achedule D even though K- 1 shows no figure for capital loss and nothing in box 16...
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Loan was to sub s that was dissolved in July 24 2024. Final return was submitted Nov. 2024, but K-1 does not reflect capital losses of stk or loan basis , appro...
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Does it matter that the final sub s return still shows outstanding loan? Not sure how to convert loan bslance to paid in capital on form7203. Thsnk you for your...
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I am in the same boat. Federal and State Return was "accepted" per turbotax on April 11, 2024. Federal refund was received a week later. Maryland continues to s...
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I finally gave up. I was trying to qualify for QBI in sale of rental property with negative operating income and net 1231 gain. I am a real estate investor. The...
Activity Feed for jlondon11
- Posted Re: Adjustments to Sub S balance sheet for dissolved corporation with outstanding shareholder loa... on Business & farm. April 26, 2025 11:55 AM
- Posted Re: Adjustments to Sub S balance sheet for dissolved corporation with outstanding shareholder loa... on Business & farm. April 25, 2025 4:46 PM
- Posted Where are shareholders' allowable debt basis losses reported on line 30 of K-1 worksheet reported? on Get your taxes done using TurboTax. March 14, 2025 9:25 PM
- Posted Re: Adjustments to Sub S balance sheet for dissolved corporation with outstanding shareholder loa... on Business & farm. January 14, 2025 11:50 AM
- Posted Adjustments to Sub S balance sheet for dissolved corporation with outstanding shareholder loan balances on Business & farm. January 7, 2025 12:04 PM
- Posted Re: Maryland - accepeted but still not processed? on Get your taxes done using TurboTax. June 11, 2024 8:40 AM
- Posted Re: Form 4797 is auto-populating an ordinary gain I never enter on Deductions & credits. May 22, 2023 6:52 PM
- Posted Form 4797 is auto-populating an ordinary gain I never enter on Deductions & credits. May 19, 2023 10:32 PM
- Posted Re: I mailed my 1120S return completed in Turbo tax business in mid February but IRS has not ackn... on Business & farm. March 26, 2022 7:40 AM
- Posted Re: I mailed my 1120S return completed in Turbo tax business in mid February but IRS has not ackn... on Business & farm. March 24, 2022 1:37 PM
- Posted On what line of the medical expense form should private tuition for special education be posted? on Education. March 21, 2022 5:42 AM
- Posted Re: I mailed my 1120S return completed in Turbo tax business in mid February but IRS has not ackn... on Business & farm. March 10, 2022 2:11 PM
- Posted I mailed my 1120S return completed in Turbo tax business in mid February but IRS has not acknowledged receipt. Do I need to delay filing my personal return? on Business & farm. March 10, 2022 12:46 PM