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Hello Acct1981. If the S corp has never been a C corporation, you do not need to complete the Excess Net Passive Income Tax Statement, which is where I believe ...
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Your interpretation is correct. If this asset type is entered on the asset entry worksheet, the program will not allow you to select bonus depreciation since it...
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The program will only transfer certain selected information from year to year. There is not currently an ability to transfer all entries. Is there a certain spe...
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Hobby versus business determinations always vary on a case-by-case basis. Here is a starting point for factors to consider:https://www.irs.gov/faqs/small-busine...
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Thanks for your message - this is a known issue that is currently being addressed, to remove the incorrect error message.
