What do you if you don't have Schedule 1 activity and still have to check the box because of virtual? Art Robinson WAMS You can check the box on the 1040/1040SR Worksheet Schedule 1 section
Married Filing Joint - Yes Married Filing Separately - Yes Head of household if the spouse did not reside in the house for the last six months of the year - Maybe Form 2848 Power of Attorney
Looks like the smart worksheet is not adding up the indirect interest, PMI, and points for line 10. Direct interest column seems to be working. Other than that it looks as if the form is calculat...
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Looks like the smart worksheet is not adding up the indirect interest, PMI, and points for line 10. Direct interest column seems to be working. Other than that it looks as if the form is calculating correctly.
I am retired military and have several clients in different states that are also retired military/civil service. I don't have clients in AZ but reading the instructions and comparing to what other s...
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I am retired military and have several clients in different states that are also retired military/civil service. I don't have clients in AZ but reading the instructions and comparing to what other states (SC comes to mind) do that is how I interpret the instructions.
I would say that the deduction would be limited to the Uniformed Services of the United States. However, if your client was retired USAF and retired Civil Service. I would say he would be eligibl...
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I would say that the deduction would be limited to the Uniformed Services of the United States. However, if your client was retired USAF and retired Civil Service. I would say he would be eligible for $2500 deduction on the Civil Service retirement and a $3500 on his military retirement.
I am not a Lawyer! Single member LLC does not require an EIN, unless it is paying payroll or being taxed as an S-Corp. The single member LLC "disregarded entity" will file a Schedule C. However, I...
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I am not a Lawyer! Single member LLC does not require an EIN, unless it is paying payroll or being taxed as an S-Corp. The single member LLC "disregarded entity" will file a Schedule C. However, I am not sure if a Partnership can own a single member LLC. A single member LLC is a "disregarded entity" unless being taxed as an S-Corp. I think your partnership owns a multi-member LLC (Partnership). I am not a Lawyer! EDIT: Accountant-Man is correct.
https://www.irs.gov/filing/iowa-where-to-file-addresses-for-taxpayers-and-tax-professionals Internal Revenue Service P.O. Box 931100 Louisville, KY [social security number removed]
There is a quickzoom button at the top of the K-1 for the Schedule K-1 - 199A Supplement. The form is titled "Statement A - QBI Pass-through Entity Reporting" Mine seems to be working fine. There ...
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There is a quickzoom button at the top of the K-1 for the Schedule K-1 - 199A Supplement. The form is titled "Statement A - QBI Pass-through Entity Reporting" Mine seems to be working fine. There is no 199A amount but the data required is there (income, W-2, UBIA...)
Click E-File>>Pay-by-refund>>Options This will open up the enrollment options window Click the Go to My Account button and it will open your account in Intuits website Click pay-by refund under >P...
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Click E-File>>Pay-by-refund>>Options This will open up the enrollment options window Click the Go to My Account button and it will open your account in Intuits website Click pay-by refund under >Products You can manage your account through the vendor you applied with here. Hope this helps.
I would take a look at this article on lease options. May be classified as an installment sale. https://www.ccim.com/cire-magazine/articles/lease-option-or-installment-sale/?gmSsoPc=1
I posted about this last week. Experiencing the same issue trying to do my own 1120S and K-1. Importing the K-1 to my personal return and nothing in Section 199A information amount on line 17 code ...
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I posted about this last week. Experiencing the same issue trying to do my own 1120S and K-1. Importing the K-1 to my personal return and nothing in Section 199A information amount on line 17 code "V" Last year it took them a while to get it working correctly if I remember right. Not sure how long it will take them this year.
Anyone else having issues with 1120S K-1 and imported K-1s to 1040 not populating QBI, Allocable wage, and UBIA data? Imported K-1 shows two errors. 1. no amount on line 17 code V Section 199A inc...
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Anyone else having issues with 1120S K-1 and imported K-1s to 1040 not populating QBI, Allocable wage, and UBIA data? Imported K-1 shows two errors. 1. no amount on line 17 code V Section 199A income. When I enter the appropriate amount that error goes away but the second error still shows but no other red boxes anywhere.