yekasi
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Thanks. i have a follow up question. I know this sounds silly but i wanted to clarify.So on those social media i often see, "you can use depreciation to offset ...
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thank you. I understand now. So the distribution is just "take money out" and has nothing to do with paying tax on it or not. It is just a method to take money ...
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Thanks.Suppose my profit is 110k because I increased my salary to 50k now. I take a distribution of 85k, and a K1 of 25k.This in turns is giving me,Salary of 50...
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Is it worth exploring to filing married seperately as wife is self employed and less than 150k…. While my w2 is above 150k. for the rental real estate, its on s...
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i have the same question here.So if the income is over 150k, then what can we do to offset W2 wages from the single member LLC? I always thought you can offset ...
Activity Feed for yekasi
- Got Cheered for Distribution vs K1. April 15, 2025 8:43 PM
- Posted Too much Contributions to NY 529 - how to enter in Turbotax? on Education. March 28, 2025 7:40 PM
- Posted Puzzling why less tax owed when i remove expenses in Rental Expense (Schedule E) on Investors & landlords. March 6, 2025 9:17 PM
- Posted Filing Rental Real estate on Investors & landlords. March 6, 2025 8:44 PM
- Posted Re: I have a net loss on a rental property but Turbotax says I can deduct "zero". I'm pretty sure... on Investors & landlords. March 6, 2025 8:24 PM
- Posted Re: Distribution vs K1 on Business & farm. March 5, 2025 8:00 PM
- Posted Re: Distribution vs K1 on Business & farm. March 5, 2025 7:05 PM
- Posted Distribution vs K1 on Business & farm. March 5, 2025 6:25 PM
- Posted Re: I have a net loss on a rental property but Turbotax says I can deduct "zero". I'm pretty sure... on Investors & landlords. March 4, 2025 8:48 AM
- Posted Re: As you found out, if your income is over $150,000, rental... on Investors & landlords. March 3, 2025 10:29 PM
- Posted Re: Royalties or Business on Deductions & credits. March 7, 2024 6:28 AM
- Posted Royalties or Business on Deductions & credits. March 6, 2024 10:13 PM
- Posted Re: Why cant i deduct loss from Rental income in the Royalty section that has a netloss? on Deductions & credits. March 6, 2024 9:48 PM
- Posted Why cant i deduct loss from Rental income in the Royalty section that has a netloss? on Deductions & credits. March 6, 2024 9:21 PM
- Cheered Re: Where do you put the 1099-MISC generated by Single owner S Corp for Home Rental to Personal T... for DianeW777. April 12, 2022 7:09 AM
- Cheered Re: Where do you put the 1099-MISC generated by Single owner S Corp for Home Rental to Personal T... for KrisD15. April 12, 2022 6:40 AM
- Posted Re: Where do you put the 1099-MISC generated by Single owner S Corp for Home Rental to Personal T... on Business & farm. April 12, 2022 6:38 AM
- Posted Re: Where do you put the 1099-MISC generated by Single owner S Corp for Home Rental to Personal T... on Business & farm. April 12, 2022 4:42 AM
- Posted Where do you put the 1099-MISC generated by Single owner S Corp for Home Rental to Personal Tax Return 1040? on Business & farm. April 11, 2022 7:21 PM
- Posted Re: What product do i need? on Investors & landlords. February 27, 2022 1:56 PM