Activity Feed for halpalms
- Got Cheered for Re: Turbo Tax Business - How to enter a Tax Penalty Expense. 3 weeks ago
- Posted Re: Turbo Tax Business - How to enter a Tax Penalty Expense on Deductions & credits. 3 weeks ago
- Posted Re: 1033 (g)(1) on Investors & landlords. 4 weeks ago
- Posted Re: I am selling a rental house in 2019. Is there a place on my 2018 site to put in the sale to estimate income tax that will be due on the sale? on Investors & landlords. 4 weeks ago
- Posted Re: I have a failed LLC (no assets, no income, just debt) that I am going to let expire and dissolve. How do I report this to the IRS correctly? on Business & farm. 4 weeks ago
- Posted Re: Should the amount on the 199A Summary Worksheet under QBI Code V come from the1120S Line 21 and match? I am seeing a different number for some reason. on Get your taxes done using TurboTax. 4 weeks ago
- Got Cheered for Re: What to enter for Depreciation for expensed assets with Sale of Business Assets Form 4797. 4 weeks ago
- Posted Re: what happens to the unused capital improvement (new roof)depreciation in a 1031 exchange on Business & farm. 4 weeks ago
- Posted Re: Parents - life estate in my name. This year they opt to sale home. Title company had them sign away their interest - all proceeds to me.What are my tax implications? on Deductions & credits. a month ago
- Posted Re: What to enter for Depreciation for expensed assets with Sale of Business Assets Form 4797 on Business & farm. a month ago
- Posted Re: How do I calculate/report Home Office Deduction for partnership income on schedule E (unreimbursed partnership expenses)? on Retirement tax questions. July 24, 2019 9:14 AM
- Posted Re: Multi-member LLC: where do I report my personal expenses & deductions after K1 is issued? on Self employed. July 23, 2019 6:09 PM
- Posted Re: How is a DST taxed that is operating as (or holding interest in) a business? on Business & farm. July 21, 2019 3:22 PM
- Posted Re: I sold assets of one schedule C business and assets of a schedule E business in the same installment sale. Is there a way to report only one installment sale? on Business & farm. July 21, 2019 9:26 AM
- Posted Re: Problem with final K-1 and Carryover Passive loss. on Get your taxes done using TurboTax. July 20, 2019 11:09 AM
- Posted Re: Problem with final K-1 and Carryover Passive loss. on Get your taxes done using TurboTax. July 19, 2019 7:22 PM
- Posted Re: Sold part of Business in 2018 on Get your taxes done using TurboTax. July 18, 2019 4:19 PM
- Posted Re: basis real estate distributed from an irrevocable trust on Get your taxes done using TurboTax. July 17, 2019 11:08 AM
- Posted Re: basis real estate distributed from an irrevocable trust on Get your taxes done using TurboTax. July 16, 2019 6:26 PM
- Posted Re: Publicly Traded Partnership ordinary dividends duplicated on both 1099-div and K-1 on Get your taxes done using TurboTax. July 15, 2019 10:33 AM
halpalms
Level 9
Member profile
3 weeks ago
1 Cheer
Adjust for book income to tax income on the schedule M-1 worksheet.
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4 weeks ago
Don't need to do anything if you're the only member.......otherwise file a final 1065.
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a month ago
your parents put the title to their house in a life estate for you and the remainder to them? That's backwards because it's the parents who should have the life estate......parents don't outlive their kids most often. You need a tax pro.
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a month ago
1 Cheer
Elect to capitalize the costs to maintain and add to basis.....your depreciation is 0 because these were advertising expenses written off and now your basis in them is also 0 = 100% gain.
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July 24, 2019
9:14 AM
https://www.irs.gov/taxtopics/tc509
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July 23, 2019
6:09 PM
Read publication 587 and the instructions for Sch E for line 28 that discuss unreimbursed partnership expenses and you can see if the partnership will reimburse you for expenses.....easiest way to do it.
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