Sign In
Opus 17
Level 15
Member profile
- Replies
- Posts
-
Why would you receive a 1099-MISC for property? Turbotax will not work if any figure (individually or total) is more than $9,999,999.99. Its an intentional des...
-
Improvements are not a tax deduction. They add to the cost basis, which will reduce your capital gains tax if and when you sell.
-
@MrsBe1wrote: I worked in Texas but left my job when we moved to Oklahoma in August this year, I have not been working since May 2022. Will I be required to pay...
-
@tagteamwrote: The ($2,500/$5,000) de minimis safe harbor is not limited to small business. The final tangibles regulations apply to anyone who pays or incurs ...
-
@tagteamwrote: @Opus 17wrote: If there are additional profits after paying yourself a reasonable salary, you can take that as a distribution. An S corporation ...
Activity Feed for Opus 17
- Posted Re: One 1099-MISC for 2 properties on Get your taxes done using TurboTax. 2 hours ago
- Got Cheered for Re: Questions about my rental house - new patio and deck posts. 4 hours ago
- Got Cheered for Re: Questions about my rental house - new patio and deck posts. 4 hours ago
- Got Cheered for Re: If i purchased some land to eventually build on, are the improvements i've made to the land tax deductible?. 5 hours ago
- Got Cheered for Re: Nonresidents are required to file an Oklahoma income tax.... 6 hours ago
- Posted Re: If i purchased some land to eventually build on, are the improvements i've made to the land tax deductible? on Deductions & credits. 6 hours ago
- Posted Re: Nonresidents are required to file an Oklahoma income tax... on Investors & landlords. 6 hours ago
- Cheered Re: My wife and I live/work in Texas (rental), and are considering buying a home in Oklahoma as we plan to settle down there in a few years, considering I won't be living in the house OR earning money in the State of Oklahoma, will I owe state income tax for Carl. 6 hours ago
- Got Cheered for Re: Questions about my rental house - new patio and deck posts. yesterday
- Got Cheered for Re: Questions about my rental house - new patio and deck posts. yesterday
- Got Cheered for Re: Questions about my rental house - new patio and deck posts. yesterday
- Got Cheered for Re: I did not take any salary or wages from my S-Corp. yesterday
- Posted Re: Questions about my rental house - new patio and deck posts on Investors & landlords. yesterday
- Posted Re: I did not take any salary or wages from my S-Corp on Business & farm. yesterday
- Posted Re: Refund withdrawn rather than deposited. on After you file. yesterday
- Posted Re: Questions about my rental house - new patio and deck posts on Investors & landlords. yesterday
- Posted Re: I did not take any salary or wages from my S-Corp on Business & farm. yesterday
- Posted Re: I don’t have to put a state or state ID number because I live in Texas so why is this thing making me put one because I do not have that information on Get your taxes done using TurboTax. Wednesday
- Got Cheered for Re: New Spouse and I both did food delivery, and the turbotax screens are FRUSTRATING ME!. Wednesday
- Posted Re: New Spouse and I both did food delivery, and the turbotax screens are FRUSTRATING ME! on Get your taxes done using TurboTax. Wednesday