Kozyt
Level 2
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It doesn't matter if I made $10.00 and paid $1.00 in income tax, the Turbo Tax balance sheet would still be off because it is not reducing the net income by the...
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You are correct - I asked a Tax Professional and they said "That's why tax professionals don't use Turbo Tax".
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Sorry, I missed the "Treasury Stock" and was stuck on "Capital Stock". Therefore I should Credit "Treasury Stock" the 800K, debit the Newly Formed LLC's for the...
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We did hire a professional to facilitate the break up under section "D" of Section 355, where the distributing company, a real estate investment/management c co...
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This is a bunch of BS. Turbo Tax has known about this error for years and refuses to correct it. This is the last year I will ever use TT.
Activity Feed for Kozyt
- Got Cheered for Re: 1) why are fed income taxes paid not a reduction of net income in Turbo Tax?2) Why is my balance sheet retained earnings is off by the exact amount of Fed tax deposited?. March 6, 2025 3:15 AM
- Posted Re: 1) why are fed income taxes paid not a reduction of net income in Turbo Tax?2) Why is my balance sheet retained earnings is off by the exact amount of Fed tax deposited? on Get your taxes done using TurboTax. August 27, 2023 7:51 PM
- Posted Re: 1) why are fed income taxes paid not a reduction of net income in Turbo Tax?2) Why is my balance sheet retained earnings is off by the exact amount of Fed tax deposited? on Get your taxes done using TurboTax. August 26, 2023 6:54 AM
- Posted 1) why are fed income taxes paid not a reduction of net income in Turbo Tax? 2) Why is my balance sheet retained earnings is off by the exact amount of Fed tax deposited? on Get your taxes done using TurboTax. August 24, 2023 10:38 PM
- Got Cheered for Re: Schedule K-1 Shows Values in Box 1 and 2. March 28, 2023 5:49 PM
- Got Cheered for Re: Schedule K-1 Error in Turbotax?. November 30, 2022 12:54 AM
- Posted Re: How do I enter the non-taxable gain of a section 355 split-off of real estate property on Deductions & credits. September 6, 2022 2:40 PM
- Cheered Re: How do I enter the non-taxable gain of a section 355 split-off of real estate property for Mike9241. September 6, 2022 2:12 PM
- Posted Re: How do I enter the non-taxable gain of a section 355 split-off of real estate property on Deductions & credits. September 6, 2022 2:10 PM
- Posted How do I enter the non-taxable gain of a section 355 split-off of real estate property on Deductions & credits. September 5, 2022 8:38 PM
- Posted Re: Schedule K-1 Error in Turbotax? on Get your taxes done using TurboTax. April 20, 2022 10:11 PM
- Posted Re: Schedule K-1 Shows Values in Box 1 and 2 on Get your taxes done using TurboTax. April 20, 2022 10:08 PM