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IRonMaN, thanks for your reply and help. And you were exactly correct....it was ready to go on the TT side this past Thursday.
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I was talking about the K-1 recipient. According to TurboTax, that section is supposed to be able to accept K-1 information beginning February 1st. He (the shar...
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Last week, I completed the returns for two S-corporations and sent the Federal and State K-1's out to all the shareholders. One shareholder told me that he is u...
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This is an S-corporation, not a C-corporation. Does that make a difference?
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The loan was for $3,000. Loan was made in January 2024 and repaid by the S-Corp back to the shareholder within about 60 days.
