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Even though it's not under the name of the taxpayer? Is there an option to show it's connected to schedule C?
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Well it would have been Schedule D, if it was under client name.
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The only purpose of this single member LLC was to buy this property, demolish and build a new property and sell it. The old property was demolished but nothing ...
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It's because ofthe type of arrangement the company has with the government. Box 2 is almost 5% of the amount in box 1.
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My client received a W-2 for an incomethat is exempted from Federal tax based on the US government arrangements. However, the W-2 shows Federal taxes were withh...