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Thanks all. So basically if nothing to be carried forward of back, form is not needed. One would think the form would say that on line 24, or Intuit would have ...
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Form 172 became available on 03/20/2025. Prior to this I had an error the form is needed. The error is gone, but From 172 doesn't show in the list of active for...
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Have client who received a Notice requesting payment with no explanation. It relates to a Sub-S filing. He contacted IRS and person told him there were actually...
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I tried that one year and IRS kicked it back.
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PS. The non business spouse receiving the allocation reports it on Schedule C. That generate the SE, which is adjusted to zero, but you still have to write Exem...
