About flmgrip

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Re: loss on form 1120S doesn't reduce taxes owed

I did my best to research on the web ... I'm not making enough money to start spending money on tax consultants ...

flmgrip

Updated Mar 07, 2025
Re: loss on form 1120S doesn't reduce taxes owed

Well, technically not yet as I'm still waiting for confirmation of the request ... however I did file the 1020S form as it's due ...I started the LLC late last ...

flmgrip

Updated Mar 07, 2025
Re: loss on form 1120S doesn't reduce taxes owed

Thank you.To clarify the rental business is an LLC with election to be taxed as an S corp, but I'm starting to wonder if that election was a bad choice.But now ...

flmgrip

4

Updated Mar 07, 2025
Re: loss on form 1120S doesn't reduce taxes owed

Box 2 ... which might be the reason it doesn't reduce the taxes.However my understanding is that a can carry over those losses indefinitely?

flmgrip

6

Updated Mar 07, 2025
Solved Re: 1120-s form in turbo tax

thanks!

flmgrip

Updated Feb 08, 2025

Activity Feed for flmgrip

Posted Re: loss on form 1120S doesn't reduce taxes owed on Business & farm. ‎March 7, 2025 3:25 PM
Posted Re: loss on form 1120S doesn't reduce taxes owed on Business & farm. ‎March 7, 2025 3:23 PM
Posted Re: loss on form 1120S doesn't reduce taxes owed on Business & farm. ‎March 6, 2025 11:10 AM
Posted Re: loss on form 1120S doesn't reduce taxes owed on Business & farm. ‎March 4, 2025 8:55 AM
Cheered Re: loss on form 1120S doesn't reduce taxes owed for JamesG1. ‎March 4, 2025 8:53 AM
Posted loss on form 1120S doesn't reduce taxes owed on Business & farm. ‎February 28, 2025 1:05 PM
Posted UNKNOWN TERM - CODE (X) REPORT ON FORM 8949, PART I OR PART II on Get your taxes done using TurboTax. ‎February 25, 2025 1:04 PM
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Posted wash sale on Get your taxes done using TurboTax. ‎February 17, 2025 12:43 PM
Posted Re: 1120-s form in turbo tax on Business & farm. ‎February 8, 2025 10:54 AM
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Posted Re: 1120-s form in turbo tax on Business & farm. ‎February 8, 2025 8:07 AM
Posted 1120-s form in turbo tax on Business & farm. ‎February 8, 2025 7:55 AM

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Date Registered	‎February 8, 2025 7:53 AM
Date Last Visited	‎March 7, 2025 6:46 PM
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