Bruce52
Level 2
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Where is the "PTP" box?
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If fees are less than $600 per year then no form is required. If $600 or over for a year then the estate issues Form 1099-MISC. No withholding is required. Sche...
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I believe that IDC can be amortized over 60 month period. The election is made on form 4562. The problem with deducting the entire amount is that they are a ta...
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Your biggest concern is suspended losses carried forward. If Turbotax did your return every year you received a K-1 then Turbotax should have a carryforward whi...
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You had gains each year your basis went negative. They should have been reported as capital gains on your return for that each year your distributions reduced y...
Activity Feed for Bruce52
- Posted Re: Do I report the sale of partnership stock (K1 sold all shares) if it was reported as a profit against my losses on my brokerage 1099B. on Business & farm. September 15, 2024 8:14 PM
- Posted Re: I have fees coming this year as an estate executor. Do I need to send a withholding tax payment to IRS when fee received or pay tax at filing? on Get your taxes done using TurboTax. July 13, 2024 11:54 AM
- Posted Re: Intangible Drilling Costs on Get your taxes done using TurboTax. March 1, 2023 1:14 PM
- Got Cheered for Re: If all your shares were held long term, or short term, th.... March 8, 2022 1:15 AM
- Posted Re: If all your shares were held long term, or short term, th... on Get your taxes done using TurboTax. March 7, 2022 11:54 AM
- Posted Re: Selling master limited partnership? on Business & farm. September 4, 2021 9:58 AM
- Posted Re: How I report the sale of MLP shares in Turbo Tax. I sold all shares. on Get your taxes done using TurboTax. September 3, 2021 3:47 PM