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Yes, but we are supposed to reduce the K-1 income by the health insurance and 401K amounts. I know where to enter the health insurance amount but I am not sure ...
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Thank you for responding. According to Reg 1.99A-3(b)(1)(vi), you are supposed to reduce from QBI the deductible portion of SE tax, the self employed health ins...
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We are required to deduct from QBI bycontributions to qualified retirement plan. Is this just for the shareholder? If so, is it only the company match portion o...
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Yes, I am well aware of the extension deadline and extensions have been filed. I’m just saying in general. There will be a lot more extensions this year than in...
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Thank you for your response. Without going into a million details, I have thought of that but it wont work. It needs to be cancelation of debt. I just cant figu...