My client is an excavator. He sole income has been reported through a K-1. He purchased the business and continues to use the assets. Do I use prior depreciation from K-1 supplemental expenses and ca...
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My client is an excavator. He sole income has been reported through a K-1. He purchased the business and continues to use the assets. Do I use prior depreciation from K-1 supplemental expenses and carryover to Schedule C?
I feel quite silly not knowing what I'm doing. This client asked me to complete this return against my better judgment (sole proprietorship companies are more my forte). I understood that I should fi...
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I feel quite silly not knowing what I'm doing. This client asked me to complete this return against my better judgment (sole proprietorship companies are more my forte). I understood that I should file schedule C on 1040 but was advised otherwise. Isn't that what I should be doing...Form 1040? Thank you for your help!!!
That's a good question...I'll be honest with you. I'm not quite sure how to go about this. This is a limited liability company set up as a single partner company. Any advice?
I have correctly entered SS# for partner on K-1. Receiving error msg that "must either enter a valid EIN, a valid SSN, etc.". I have checked for new updates in case there was a glitch and there are n...
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I have correctly entered SS# for partner on K-1. Receiving error msg that "must either enter a valid EIN, a valid SSN, etc.". I have checked for new updates in case there was a glitch and there are none. I have confirmed that the SS# input is correct.
I clicked on start menu, ProSeries and Tools-Connected Customer and there was an update available. Problem resolved after installation of update. Thank you for your input!!!
My client is divorced and has 2 children; ex-husband and client each claim one. Both children live with client full-time and client pays childcare for dependent which is claimed by ex-husband. Can sh...
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My client is divorced and has 2 children; ex-husband and client each claim one. Both children live with client full-time and client pays childcare for dependent which is claimed by ex-husband. Can she claim those expenses?