JJAndre
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I appreciate the info. Answered my initial question, as well as getting more good information. Trying to get this set up properly for next year starting Jan.1, ...
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Pardon me for not being clear. Tried doing a single payment at the end of the year, but NOT having made sufficient estimated payments throughout the year. I'd h...
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I've read about people who tried that and ran afoul of the IRS for not having paid estimated taxes along the way that made up at least 90% of the eventual tax l...
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The problem is projecting the net profit to take 60% of, right? Especially in this case. In my residential design consulting business, I can project based on my...
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I hear you about the 24%. If that's the case, I wonder why the IRS provides a slot to enter gambling winnings separately from just misc. income? Seems curious.
Activity Feed for JJAndre
- Got Cheered for Re: Professional Gambling income for Schedule C - no place to enter it so that TT treats it as gambling income and taxes at the proper rate. December 10, 2024 11:14 AM
- Posted Re: Professional Gambling income for Schedule C - no place to enter it so that TT treats it as gambling income and taxes at the proper rate on Business & farm. December 10, 2024 11:09 AM
- Posted Re: Professional Gambling income for Schedule C - no place to enter it so that TT treats it as gambling income and taxes at the proper rate on Business & farm. December 10, 2024 9:20 AM
- Posted Re: Professional Gambling income for Schedule C - no place to enter it so that TT treats it as gambling income and taxes at the proper rate on Business & farm. December 10, 2024 8:31 AM
- Posted Re: Professional Gambling income for Schedule C - no place to enter it so that TT treats it as gambling income and taxes at the proper rate on Business & farm. December 10, 2024 8:05 AM
- Posted Re: Professional Gambling income for Schedule C - no place to enter it so that TT treats it as gambling income and taxes at the proper rate on Business & farm. December 10, 2024 8:03 AM
- Posted Re: Professional Gambling income for Schedule C - no place to enter it so that TT treats it as gambling income and taxes at the proper rate on Business & farm. December 10, 2024 8:01 AM
- Posted Re: Professional Gambling income for Schedule C - no place to enter it so that TT treats it as gambling income and taxes at the proper rate on Business & farm. December 10, 2024 7:56 AM
- Posted Re: Professional Gambling income for Schedule C - no place to enter it so that TT treats it as gambling income and taxes at the proper rate on Business & farm. December 10, 2024 7:01 AM
- Posted Re: Professional Gambling income for Schedule C - no place to enter it so that TT treats it as gambling income and taxes at the proper rate on Business & farm. December 9, 2024 8:56 PM
- Posted Re: Professional Gambling income for Schedule C - no place to enter it so that TT treats it as gambling income and taxes at the proper rate on Business & farm. December 9, 2024 6:27 PM
- Posted Professional Gambling income for Schedule C - no place to enter it so that TT treats it as gambling income and taxes at the proper rate on Business & farm. December 9, 2024 1:55 PM