Nine years as Tax Expert with TurboTax; Certified Public Accountant (Texas, retired) since 1998; 20+ years of tax accounting, specializing in small businesses and partnerships
The return will need to be amended to report the correct EIN on Schedule K-1.
From the IRS perspective, a different taxpayer received the incorrect K-1. The na...
For TurboTax Business:
1) You may include the New Jersey income tax withholding as Supplemental Information using Box 13 Code ZZ Line 3 "State income tax withhe...
If you didn't depreciate any assets or claim the Section 179 deduction in prior/current tax years, leave this section blank. You have no Section 179 carryovers ...
The building you use as a home office for your self-employed business may be reported as an asset for the Home Office Deduction. Repairs to your home office (no...
Enter each tax year separately under the Form 1099-G topic (use the search tool). You'll need to know how much total state income tax you paid each year (from y...
