danielle-51
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Sorry, "we" are an LLC, taxed as a partnership. So what does this mean? How do I account for this?
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When you say there should have been some sort of allocation, you are talking about initially, right? Meaning there should have been an allocation on the tax ret...
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Again, thank you, PatriciaV. It looks like for us the standard deduction for each partner would be the bigger deduction. Am I correct in thinking you only use t...
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PatriciaV, thank you. I didn't know if anyone was going to understand what I was asking. I remembered you as an expert in LLC tax matters, and I was hoping you ...
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Thank you so much. So on Schedule 8812, Part 1, #6, put the number 1, and then #7, you multiply that by $500, which is my credit...is this correct?
Activity Feed for danielle-51
- Posted where to report an LLC profit Distribution when you are no longer a partner on Deductions & credits. January 2, 2025 8:17 AM
- Posted We are an LLC, taxed as a partnership, and I am needing clarification on where/how to deduct the cost of services such as welding/anodizing on goods to be sold. on Deductions & credits. August 25, 2024 9:25 AM
- Posted Re: Where to deduct services you have paid for such as welding/anodizing done on merchandise you are selling on Deductions & credits. August 25, 2024 9:16 AM
- Posted Where to deduct services you have paid for such as welding/anodizing done on merchandise you are selling on Deductions & credits. August 25, 2024 5:29 AM
- Posted Assets costing less than $200 and Section 179 on Deductions & credits. August 24, 2024 12:40 PM
- Cheered Re: Where to deduct software expense such as QuickBooks and TurboTax for AmeliesUncle. August 24, 2024 12:22 PM
- Posted Where to deduct software expense such as QuickBooks and TurboTax on Deductions & credits. August 24, 2024 9:55 AM
- Posted Payment between family members on Get your taxes done using TurboTax. April 2, 2024 5:58 AM
- Posted Payment to a family member for "land work" on Get your taxes done using TurboTax. April 2, 2024 5:18 AM
- Cheered Re: Third party network transactions and the 1099-NEC form for MinhT1. March 26, 2024 9:49 AM
- Posted Third party network transactions and the 1099-NEC form on Deductions & credits. March 26, 2024 9:07 AM
- Cheered Re: Do you have to report the "sale, removal, or donation" of ANY business asset, even those that... for DavidD66. January 26, 2024 4:37 AM
- Posted Do you have to report the "sale, removal, or donation" of ANY business asset, even those that are old and have no real value, like a chair or old tools when you file your business tax return under the "Sale of Business Assets" section in TurboTax? on Deductions & credits. January 25, 2024 9:00 AM
- Cheered Re: Selling a fully depreciated business asset for PatriciaV. January 25, 2024 6:05 AM
- Posted Selling a fully depreciated business asset on Deductions & credits. January 24, 2024 8:17 PM
- Posted selling a business asset on Deductions & credits. January 20, 2024 10:59 AM
- Posted Partner Distributions on Deductions & credits. January 4, 2024 9:58 AM
- Posted Can you deduct the full amount paid for Christmas gifts to customers, or is it just $25 per individual on your business tax return? on Deductions & credits. December 13, 2023 9:29 PM
- Posted If your LLC buys "TurboTax" for the indivual partners for them to do their tax returns, is that considered a business expense? on Deductions & credits. November 26, 2023 7:50 AM
- Posted Re: Is it ever okay to allow your business printer or your business computer to be used for anything other than business? on Deductions & credits. November 15, 2023 8:05 AM