ndc24075
Level 3
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@CarlHi, I just wanted to check in to confirm whether there is an answer to my question. Thanks.
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@CarlThanks. I understand the federal and state are different. My question is more about state taxation because it is where conformity issue comes from. I am no...
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@CarlYeah I understand that. But my situation is that the assets were acquired in 2023 and normal depreciation is only 20% assuming 5 year lifespan. My question...
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It is Maryland. But my case may be a little confusing. It is a Delaware LLC and we moved the operation to Maryland in 2023 after we acquired the assets. Accordi...
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@DianeW777Thanks for the prompt reply. I am not sure how "operation" is defined. The company is registered in January 2022 and remain inactive (i.e. no income a...
Activity Feed for ndc24075
- Posted Multi-State Tax Filing for LLC Operating Across DE, PA, and MD on Self employed. January 30, 2024 9:41 AM
- Posted Eligibility for Deducting Health Insurance Premiums as a Sole Owner of a LLC on Self employed. January 30, 2024 9:19 AM
- Posted Re: Question about Section 179 Depreciation and State's Partial Conformity on Business & farm. May 24, 2023 1:13 PM
- Posted Re: Question about Section 179 Depreciation and State's Partial Conformity on Business & farm. May 21, 2023 11:55 AM
- Posted Re: Question about Section 179 Depreciation and State's Partial Conformity on Business & farm. May 21, 2023 11:40 AM
- Posted Re: Question about Section 179 Depreciation and State's Partial Conformity on Business & farm. May 21, 2023 10:48 AM
- Posted Question about Section 179 Depreciation and State's Partial Conformity on Business & farm. May 21, 2023 9:40 AM
- Posted Re: Does Expense on Data qualify as Startup Cost? on Business & farm. April 14, 2023 9:26 AM
- Posted Does Expense on Data qualify as Startup Cost? on Business & farm. April 14, 2023 9:08 AM
- Posted Re: How to set up $6000 for each spouse in Turbotax on Retirement tax questions. February 28, 2023 9:43 AM
- Posted Re: How to set up $6000 for each spouse in Turbotax on Retirement tax questions. February 22, 2023 1:30 PM
- Posted Re: How to set up $6000 for each spouse in Turbotax on Retirement tax questions. February 22, 2023 11:46 AM
- Posted How to set up $6000 for each spouse in Turbotax on Retirement tax questions. February 22, 2023 11:09 AM
- Posted Re: How should we report fellowship income that is more like a stipend without duty? on Education. February 22, 2023 11:01 AM
- Posted How should we report fellowship income that is more like a stipend without duty? on Education. February 21, 2023 11:02 AM
- Posted Re: Recognizing Cost Basis of Contributed Assets in an LLC and Calculating Corresponding Deprecia... on Business & farm. February 17, 2023 12:47 PM
- Posted Re: 1099-B Uncovered Securities Cost Basis and Limite Partnership on Investors & landlords. February 17, 2023 11:35 AM
- Posted Re: Recognizing Cost Basis of Contributed Assets in an LLC and Calculating Corresponding Deprecia... on Business & farm. February 17, 2023 11:22 AM
- Posted Re: Recognizing Cost Basis of Contributed Assets in an LLC and Calculating Corresponding Deprecia... on Business & farm. February 17, 2023 10:40 AM
- Posted Deducting Business Use of Shared Mobile Plan on Tax Return on Self employed. February 17, 2023 10:13 AM