anj2
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The instructions for Form 1065 state "Partnerships should use Statement A—QBI Pass-Through Entity Reporting, later, or a substantially similar statement, to rep...
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Thank you so much for the clarification! I appreciate your input. I will let TT calculate as is.
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I completely agree that guaranteed payments need to be subtracted on Schedule M-2. According to the 1065 instructions, they should be deducted on line 7 of sche...
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Has this issue been updated? It looks like the same thing is happening in the 2020 software.
Activity Feed for anj2
- Posted K-1 by Activity Not Populating on Business & farm. February 7, 2024 4:11 PM
- Posted Re: Multiple Activities 199A Activity Worksheets on Business & farm. January 25, 2024 10:35 AM
- Posted Schedule K-1 by Activity Supplemental Information not populating correctly on Business & farm. January 23, 2024 3:10 PM
- Posted Multiple Activities 199A Activity Worksheets on Business & farm. January 23, 2024 11:45 AM
- Posted Re: Form 1065 Schedule M-2 Line 3 with Guaranteed Payments on Business & farm. January 28, 2023 4:08 PM
- Cheered Re: Form 1065 Schedule M-2 Line 3 with Guaranteed Payments for Rick19744. January 28, 2023 4:08 PM
- Posted Re: Form 1065 Schedule M-2 Line 3 with Guaranteed Payments on Business & farm. January 28, 2023 3:53 PM
- Posted Form 1065 Schedule M-2 Line 3 with Guaranteed Payments on Business & farm. January 28, 2023 1:56 PM
- Posted TurboTax Business LLC with Multiple Activities on Get your taxes done using TurboTax. January 2, 2023 3:50 PM
- Posted Montana Federal Income Tax Reduction Worksheet on State tax filing. March 6, 2021 4:13 PM
- Posted Re: There is an error in calculation on the Montana Return, on State tax filing. March 6, 2021 4:08 PM