SusanH
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The sale of a business is comprised of the sale of individual physical assets (if any) and the sale of intangible assets such as goodwill. You will need to tell...
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You will need to associate your business with either you or your spouse if yours is a single-member LLC and considered a 'disregarded entity' by the IRS. The IR...
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Yes, you can count display items as business expenses. Your starter kit can be included as a regular expense since you got it at/near the same time you started ...
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It won't affect the return as far as income/loss. If you've already filed as zeroes, that's fine. Just make sure that you report the cash contributions properly...
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No, you should report the true capital contribution because that doesn’t change.As an example, if you each contributed $50k in capital to the LLC, bought a prop...
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- Got Cheered for The Box 12 W Code on your W-2 represents the total pre-ta.... April 4, 2022 11:41 PM
- Got Cheered for You are correct. If your personal (non-employer) contribu.... May 5, 2021 5:31 AM
- Got Cheered for The Box 12 W Code on your W-2 represents the total pre-ta.... May 5, 2021 5:30 AM
- Got Cheered for Unfortunately, you will have to be the squeaky wheel. If.... April 23, 2021 8:07 AM
- Got Cheered for Regrettably, the occupational privilege tax imposed by va.... March 6, 2021 11:58 AM
- Got Cheered for Yes you can allocate the usage of a single asset between.... June 24, 2020 12:27 AM
- Got Cheered for Yes. You need to report the 1099-MISC income because othe.... May 25, 2020 11:09 AM
- Got Cheered for Yes you can allocate the usage of a single asset between.... April 11, 2020 8:53 AM
- Got Cheered for If you are considered a real estate professional and fili.... April 4, 2020 2:44 PM
- Posted The sale of a business is comprised of the sale of indivi... on Business & farm. June 7, 2019 3:05 PM
- Posted You will need to associate your business with either you... on Get your taxes done using TurboTax. June 7, 2019 3:05 PM
- Posted Yes, you can count display items as business expenses. Yo... on Business & farm. June 7, 2019 3:03 PM
- Posted It won't affect the return as far as income/loss. If you'... on Deductions & credits. June 7, 2019 3:00 PM
- Posted No, you should report the true capital contribution becau... on Deductions & credits. June 7, 2019 3:00 PM
- Posted If your LLC's business is flipping properties, you can de... on Deductions & credits. June 7, 2019 3:00 PM
- Posted If you are considered a real estate professional and fili... on Deductions & credits. June 7, 2019 3:00 PM
- Posted Unfortunately, there is no way to amend your return a sec... on After you file. June 7, 2019 2:59 PM
- Posted If you didn't purchase the house and shortly thereafter u... on Investors & landlords. June 5, 2019 10:30 PM
- Posted The IRS may use the main office address as the return add... on Get your taxes done using TurboTax. June 5, 2019 10:27 PM
- Posted No, you cannot enter something that you did not pay and o... on Deductions & credits. June 5, 2019 10:23 PM