attykss1
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correction: the LLC has 9 members. 6 have section 754 adjustments. 3 do not have section 754 adjustments
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Good to know I did things correctly in 2008. Bad to know that I am going to pay a large amount of tax in 2022. I have one followup question. The LLC has 9 membe...
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Rick: thank you so much for your comprehensive reply. Just so I understand your comments, when I report the sale of property 2 on schedule 4797, in box G, do I ...
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one member of the LLC had a section 754 made at the time of inheritance and his section 754 deduction was included in his K-1 for the year I inherited my intere...
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some LLC had section 754 deductions prior to the year I inherited my interest but a section 754 was not applied by the LLC's CPA to my inherited interest.
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- Posted K-1 box 20 code z indicates statement, but after providing the additional information for QBI, turbotax indicates there is no QBI income. That is an error on Get your taxes done using TurboTax. April 12, 2024 5:49 PM
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- Got Cheered for Re: allocation of step up in basis to inherited interest in commercial real estate LLC. March 31, 2023 1:39 PM
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- Posted Re: allocation of step up in basis to inherited interest in commercial real estate LLC on Business & farm. March 31, 2023 1:15 PM
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- Posted Re: allocation of step up in basis to inherited interest in commercial real estate LLC on Business & farm. March 31, 2023 1:02 PM
- Posted Re: allocation of step up in basis to inherited interest in commercial real estate LLC on Business & farm. March 31, 2023 12:20 PM
- Posted Re: allocation of step up in basis to inherited interest in commercial real estate LLC on Business & farm. March 31, 2023 10:21 AM
- Posted Re: allocation of step up in basis to inherited interest in commercial real estate LLC on Business & farm. March 31, 2023 9:37 AM
- Posted Re: allocation of step up in basis to inherited interest in commercial real estate LLC on Business & farm. March 31, 2023 9:33 AM
- Posted allocation of step up in basis to inherited interest in commercial real estate LLC on Business & farm. March 31, 2023 7:55 AM
- Cheered Re: Can I pay the balance I owe to the IRS for 2021 before I file my 2021 1040 return for FangxiaL. April 8, 2022 7:56 AM
- Posted Can I pay the balance I owe to the IRS for 2021 before I file my 2021 1040 return on Get your taxes done using TurboTax. April 5, 2022 9:02 PM
- Posted Re: QBI issue on Deductions & credits. September 30, 2021 11:47 AM
- Posted QBI issue on Deductions & credits. September 30, 2021 9:50 AM
- Posted Re: how to file out form 8990 to report excess business interest expense from a pass through entity on Business & farm. June 29, 2021 12:43 PM