Eight years as Tax Expert with TurboTax; Certified Public Accountant (Texas, retired) since 1998; 20+ years of tax accounting, specializing in small businesses and partnerships
The same logic applies to Schedule K-1 issued to an S-Corp EIN, as dmertz explained previously. Only if the K-1 reports UBTI would the pension plan (not the S-C...
We have tested the Home Office Deduction with a net loss but are unable to reproduce the experience you have seen.It would be helpful to have a TurboTax ".tax20...
You are taxed only by the country where you are a resident. Your residency is defined by your permanent home (see Article 3 of the link below).
Article 23 of t...
The AMT Capital Loss Carryover error affected only tax year 2022 returns. The TurboTax program alerted users of this issue in the tax year 2023 return process. ...
There is no similar "no tax due" report in Colorado.
According to the Colorado Department of Revenue, "Any corporation, partnership, joint venture, common trus...