Activity Feed
- Posts
- Replies
-
In this case. They started the partnership with $150 each. No loans and well....they did well and had a nice bank account at the end of the year. very minimal l...
-
I realize if they never took anything, it would also be taxable. But wasn't sure how to enter in ProConnect and really thought the 20k should be taxed personall...
-
Thank you for the feedback. I intend to take more training and retake some after the season ends. On the personal side of things, I thought any income was taxab...
-
I was thinking that taking money from the company had to be taken as income on the personal side of things.ProConnect is very new to me and the entering is a bi...
-
2 partners-started company with $150 each. Both took $20000 by year end. K1 line 1 is $13199. Box 19 is showing the $20000 on the k1. WHen entering the k1 on th...
