fcarbone
Level 3
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Thank You,When I create the K1,s, I check Managing LLC Member.Upon entering my K1's to create my Form 1040, is where I am hung up, and I noticed a large differe...
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Thank You AmeliesUncle,Guaranteed payments, (B), Total Medical Premiums paid by the LLC.Got it!
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Thank You,So my partnership extension was filed by March 15, and I am in NY, not a community property state. After I file Form 1065, and generate K-1'S, which w...
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Thank You Hackitoff,If I take the distribution 50/50, no guaranteed payments makes sense. Do I create 2 schedules C's, one each for wife and myself, to write of...
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Thank You, Makes sense
Activity Feed for fcarbone
- Cheered Re: Great - thank you. for RB287a. April 20, 2020 12:33 PM
- Cheered LLC's and SE tax is a difficult area. This is because th... for Rick19744. April 20, 2020 12:32 PM
- Posted Re: Confused about general partner or LLC Member Box vs Limited Partner or LLC Member Box on Deductions & credits. April 19, 2020 4:45 PM
- Posted Confused about general partner or LLC Member Box vs Limited Partner or LLC Member Box on Deductions & credits. April 19, 2020 3:00 PM
- Posted Re: I am 50% partner in an LLC, I pay for own gas and medical premiums. How do I effectively write that off. on Deductions & credits. April 19, 2020 10:31 AM
- Cheered Re: I am 50% partner in an LLC, I pay for own gas and medical premiums. How do I effectively write that off. for Carl. April 19, 2020 8:50 AM
- Cheered Re: I am 50% partner in an LLC, I pay for own gas and medical premiums. How do I effectively write that off. for AmeliesUncle. April 19, 2020 8:50 AM
- Posted Re: I am 50% partner in an LLC, I pay for own gas and medical premiums. How do I effectively write that off. on Deductions & credits. April 18, 2020 1:16 PM
- Posted I am 50% partner in an LLC, I pay for own gas and medical premiums. How do I effectively write that off. on Deductions & credits. April 18, 2020 8:25 AM
- Posted Re: Wife and I slpit LLC 50/50, confused about medical payment write off and Distributions vs Guaranteed Payments on Get your taxes done using TurboTax. April 18, 2020 7:17 AM
- Posted Wife and I slpit LLC 50/50, confused about medical payment write off and Distributions vs Guaranteed Payments on Get your taxes done using TurboTax. April 17, 2020 2:23 PM
- Cheered Re: Self employed student has 1099-misc for $10,000, but Turborax I need to pay taxes on full amount for VolvoGirl. April 16, 2020 6:18 AM
- Posted Re: Self employed student has 1099-misc for $10,000, but Turborax I need to pay taxes on full amount on Self employed. April 13, 2020 5:03 PM
- Cheered Re: Self employed student has 1099-misc for $10,000, but Turborax I need to pay taxes on full amount for MinhT1. April 13, 2020 5:02 PM
- Posted Self employed student has 1099-misc for $10,000, but Turborax I need to pay taxes on full amount on Self employed. April 13, 2020 2:01 PM
- Posted Wife & I are 2 member LLC in NY. Each pays own medical and use personal cars for business. Can we write bus. miles & med. after issue the k-1 on pers. taxes. on Deductions & credits. June 6, 2019 12:35 AM
- Posted Wife & I split LLC equally. We pay ourselves & each pays own medical.Is it more profitable to use cash distribution for everything or use guaranteed payments for medical on Deductions & credits. June 4, 2019 8:06 PM
- Posted From the above answer I understand line 4 of schedule K-... on Business & farm. June 1, 2019 8:10 AM
- Posted Does it make a difference if a 2 member LLC pays for their own self employed Medical from their Cash Distribution or from Guaranteed payments. on Business & farm. June 1, 2019 8:10 AM
- Posted LLC personal miles and medical on Self employed. March 12, 2019 6:31 PM