Thank you. Any answers are helpful, appreciate it!My initial contribution was $100K. My 2022 Schedule K-1 said I lost $45K and My 2023 Schedule K-1 said I gain ...
not sure how to delete the post but it works now. I need to select mail-file in the beginning and everything will work as expected.This thread shoud be closed.
@DanaB27Thanks for your reply but I am a little confused hereIn your first reply8. TurboTax will ask for an explanation statement where it should be stated that...
Thank you very much for your detailed explanation.I did report the recharacterization in 2020 but Form 8606 box 1 is $6000, and form 14 is also $6000.My receive...
Thank you very much for the reply.Yes, in my case the business is a LLC and the only partner are one of the parent. So we do quality for no Children payroll tax...