About MercieD1

Employee Tax Expert

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I'm a CPA with over 27 years of experience. Prior to coming to TurboTax I ran my own practice in the Chicago area. I joined TurboTax just prior to moving to the Phoenix area in search of better weather.

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Re: I recieved a form 5498 that states I contributed $250.00. When ...

The 5498 is a form that shows what you contributed to an IRA. There may be a number of reasons why you are not allowed to make this contribution: 1. You contrib...

MercieD1

Updated Sep 27, 2023
Re: "Sch K-1 box 20 code Z has been selected but no Section 199A inc...

If your K1 had business income, there should have been values entered onto the Statement A attached to the K1. If you entered it, there is another step to take....

MercieD1

1

Updated Sep 27, 2023
Solved Re: LLC Ended Mid Year

To file prepare 2 schedule C's: In Wages and Income, go to Business Income You will have an option to add another Business

MercieD1

Updated Sep 27, 2023
Solved Re: LLC Ended Mid Year

You will file one return with 2 schedule C's. There is a spot on the schedule C where the EIN will appear.

MercieD1

1

Updated Sep 27, 2023
Solved Re: LLC Ended Mid Year

You will have to file both returns as they have 2 different EIN's. The question regarding the LLC is if it was originally treated as a Partnership filing a 1065...

MercieD1

3

Updated Sep 27, 2023

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Date Registered	‎June 27, 2023 10:48 AM
Date Last Visited	‎September 27, 2023 1:22 PM
Total Messages Posted	20
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Re: I recieved a form 5498 that states I contributed $250.00. When ...

Re: "Sch K-1 box 20 code Z has been selected but no Section 199A inc...

Solved Re: LLC Ended Mid Year

Solved Re: LLC Ended Mid Year

Solved Re: LLC Ended Mid Year

Do you have a TurboTax Online account?

Re: I recieved a form 5498 that states I contributed $250.00. When ...

Re: "Sch K-1 box 20 code Z has been selected but no Section 199A inc...

Solved Re: LLC Ended Mid Year

Solved Re: LLC Ended Mid Year

Solved Re: LLC Ended Mid Year