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Amy S
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- Posted Re: I entered short term gains from my 1099B and noticed that the tax rate on this was 50%. TT had changed my QBI deduction. Why? Income is above all the phase outs. on Investors & landlords. February 21, 2021 4:59 PM
- Posted I entered short term gains from my 1099B and noticed that the tax rate on this was 50%. TT had changed my QBI deduction. Why? Income is above all the phase outs. on Investors & landlords. February 21, 2021 4:02 PM
- Posted LLC filing as s corp with no officers on Get your taxes done using TurboTax. February 28, 2020 8:11 AM
- Got Cheered for Re: Turbotax 2018 Deluxe crashes constantly. February 9, 2019 7:00 PM
- Got Cheered for Re: Turbotax 2018 Deluxe crashes constantly. February 9, 2019 6:43 PM
- Posted Re: Turbotax 2018 Deluxe crashes constantly on Get your taxes done using TurboTax. February 7, 2019 4:33 PM
February 21, 2021
4:59 PM
It appears that we actually were still in the phase out for the QBI since our business is an SSTB and the increase in our total income did reduce the QBI deduction we are allowed. This whole QBI stuff is complete crap. A more complicated system could hardly be devised, nonetheless, I see what the problem is and have answered my own question.
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February 21, 2021
4:02 PM
The QBI deductions seems like it should be unrelated to the short term gains so this makes no sense that my QBI deduction would be reduced.
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February 28, 2020
8:11 AM
We are a 2 member LLC filing as an S-Corp. As an LLC we only have members and not officers. We pay ourselves a salary and issue W2s for that salary. We had a very good year and had over $500,000 of receipts. For the first time TT is making me fill out a special form for compensation of officers. I'm not sure if I should complete this form because we don't actually have officers. TT is very insistent that I must complete it. Previously I had been reporting our salaries under wages for >2% shareholders. When you look at the 5 year reporting history it looks very different this year. I understand that this does not make a difference to the bottom line but I'd like to file consistently and correctly and want to make sure I am reporting this in the correct spot. Thanks.
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February 7, 2019
4:33 PM
2 Cheers
I have the same issue. It seems to create a backup file every 5 minutes or so. Sometimes if I've entered a bunch of data I'll wait a few minutes before clicking the next button so it has a chance to take a backup. I was hoping the download I got today would fix it, but no luck. We have windows 10 home version 1803 build 17134.523 Turbo Tax Premier Release .0370
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