About bluesjumper

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Re: Help a newbie - entering sole proprietor income

Apologies to everyone for the confusion. I clearly have been confused, and the various answers prompted me to do further research and straighten everything out....

bluesjumper

Updated Feb 15, 2023
Re: Help a newbie - entering sole proprietor income

Sorry, I meant to say TurboTax, not TaxAct!!! I own TurboTax Home & Business (desktop).This article has helped me. It appears that a one-member LLC is treated a...

bluesjumper

5

Updated Feb 15, 2023
Re: Help a newbie - entering sole proprietor income

I'm an LLC with S-corp status. I have not been issuing myself a W-2. All I've been doing for 'owner draw' is to transfer some money monthly from my business acc...

bluesjumper

7

Updated Feb 15, 2023
Re: Help a newbie - entering sole proprietor income

This is helpful. To summarize what you said, my Schedule C should capture my gross receipts of my LLC, and my quarterly estimated taxes have been paid correctly...

bluesjumper

9

Updated Feb 15, 2023
Solved Re: prior year depreciation

Mike, I just swallowed my mistake of not depreciating some earlier years. Subsequently, I only claimed the depreciation amount for each tax year.

bluesjumper

Updated Jan 27, 2023

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Date Registered	‎January 11, 2023 3:35 PM
Date Last Visited	‎August 23, 2023 10:40 AM
Total Messages Posted	10

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