Rockhoundrob
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One more note... the cash distributions to each partner are based on the income from rent only.
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It is a family business that rents out a commercial building.It is a limited partnership that is a pass-through entity. All taxes are paid by each partner (my f...
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Great!! Thank you very much for your help!!
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I guess now the only question I have left is ... since I added the 3 items manually as assets to depreciate,will those items show up next year on Turbo Tax 2025...
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those items need to be reported as depreciable assets line 9a and depreciation taken on them based on the date placed into service,Robert's reply: OK. that migh...
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- Posted When will form 3800 be ready? on Business & farm. February 17, 2024 5:19 PM