No, I am getting the error in the state final review (my state is California) section in TurboTax Business (For Corporations, LLC'S) desktop version. I've read ...
I am the sole owner of the S Corp. I had NOL in 2021 which was reflected on my K-1.Why is TurboTax giving me this error while doing the California error check? ...
Thank you for your reply! Very helpful indeed.A few more questions. I sold the flip in 2023 for $610k ($47k net profit). I will also need to add another $20k re...
Thanks for replying. So I just need to debit (increase) RE asset account by the$39,194 loss? Would I debit (increase) the equity amount or the land amount? Or p...
