SeattleDrzl
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Planning on more flips, I have a regular car for personal use.
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Thank you so much I appreciate your help and the clear explanation.
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So all this is captured in the K1?
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I read that article, it leads you believe that the bad debt can be claimed as an ordinary loss.What am I missing?
Activity Feed for SeattleDrzl
- Posted I refinanced (795K) to pay off a mortgage (300K) and a Heloc (200K) on my primary home. I had cash leftover. How to answer the Home Mortgage Interest Limitation Wksht on Deductions & credits. October 13, 2023 9:22 AM
- Posted S Corp Election on Self employed. March 14, 2023 2:24 PM
- Posted Re: A flip from an LLC on Get your taxes done using TurboTax. October 23, 2021 7:27 PM
- Posted A flip from an LLC on Get your taxes done using TurboTax. October 23, 2021 5:00 PM
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- Posted Re: loan from an LLC member to an LLC on Get your taxes done using TurboTax. October 21, 2021 5:02 PM
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- Posted loan from an LLC member to an LLC on Get your taxes done using TurboTax. October 20, 2021 3:29 PM