RichardK
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The ordinary business income is taxable to you and increases your basis in the entity, the distribution decreases your basis, but generally does not affect you ...
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To claim head of household filing status, you must have a dependent (the dependent can be either a "Qualifying Child" or "Qualifying Relative") click here for t...
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No, an executrix of an estate is not required to file Form 1310 to claim a refund for a decedent. Form 1310, click here for the instructions, must be complete f...
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The only deductible closing costs are those for interest, and deductible real estate taxes. Other settlement fees and closing costs for buying the property beco...
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You can report your multi-member LLC as a partnership, and you would enter the total of the 1099-K and all appropriate deductions on the Form 1065 Partnership T...
Activity Feed for RichardK
- Got Cheered for The only deductible closing costs are those for interest,.... March 15, 2023 2:19 PM
- Got Cheered for Your ownership percentage should be on the Schedule K-1,.... May 21, 2022 2:55 AM
- Got Cheered for IRS Form 8862 is used to claim the earned income tax cred.... February 9, 2022 7:37 AM
- Got Cheered for No, if your storage shed is a separate structure (not par.... January 19, 2022 3:39 PM
- Got Cheered for Yes, click here for the Turbotax article on this subject,.... January 12, 2022 3:27 PM
- Got Cheered for Yes. When spouses own property jointly and one spouse pas.... August 9, 2021 4:25 PM
- Got Cheered for Yes, the cost of purchasing products for the purpose of m.... February 11, 2021 6:50 AM
- Got Cheered for Basically what you have in questions 1 and 2 is correct,.... July 1, 2020 9:26 AM
- Got Cheered for Your lease down payment is deducted over the life of the.... June 21, 2020 9:45 AM
- Got Cheered for Yes you report the income from your rental property, if y.... February 11, 2020 11:29 AM
- Got Cheered for The only deductible closing costs are those for interest,.... December 31, 2019 12:05 PM
- Got Cheered for To enter Capital Loss Carryover in Turbotax: · Op.... September 29, 2019 7:45 PM
- Got Cheered for 1. Pay and file quarterly payroll withholding. Do I p.... September 6, 2019 2:52 PM
- Posted The ordinary business income is taxable to you and increa... on Business & farm. June 7, 2019 4:09 PM
- Posted To claim head of household filing status, you must have a... on Get your taxes done using TurboTax. June 7, 2019 3:48 PM
- Posted No, an executrix of an estate is not required to file For... on Get your taxes done using TurboTax. June 7, 2019 3:40 PM
- Posted The only deductible closing costs are those for interest,... on Investors & landlords. June 7, 2019 3:35 PM
- Posted You can report your multi-member LLC as a partnership, an... on Business & farm. June 7, 2019 3:32 PM
- Posted If you are filing married filing jointly, you are both cl... on Get your taxes done using TurboTax. June 6, 2019 7:16 AM
- Posted Yes, if you do not live in AZ you may file a AZ non-resid... on Business & farm. June 6, 2019 7:06 AM