Is consensus here that eFile for IT-204-LL does not work? I entered 8 on 3/13/23 and have yet to see funds draw from the bank. Also have not received filing con...
I am sorry but that is not correct. Section 179 DOES affect partners capital, especially now that M2 is on tax-basis. You cannot have section 179 deduction on s...
Agreed. There is something wrong here. It all has to do with Section 179 recapture not being properly reported and flowing through to capital accounts. In my ca...
I understand that, but how can the balance sheet, which is per books on the tax return, ever be balanced if we are using partner capital now based on tax basis?...
To make matters more confusing. When TT runs error check it specifically says the following for M2 Line 3:"Check the income/loss amount reported on Schedule M2....
