Tax Expert with TurboTax since 2016; Certified Public Accountant (Texas, retired) since 1998; 20+ years of tax accounting, specializing in small businesses and partnerships
AnyPassive Loss Carryoverson your federal return appear onSchedule E Wksafter QBI: Carryovers to 20XX Smart Worksheet. This is a TurboTax supplemental schedule ...
The Capital Account Analysis shown on the final K-1 Section L is the "inside" basis, which may not be your actual "outside" basis. The partner's capital account...
This question is used to determine if the sale was short-term (less than a year) or long-term (one year or more). If the sale was entirely one or the other, ent...
Yes, as Mike9241 previously posted, Sections J, K, and L are provided for your information and are not used by the software. However, you may need this informat...
Did you mark this as your final return? If so, TurboTax will remove the LLC fee and show a refund for the amount you paid. To fix this, go back and uncheck the ...
