My understanding is its a Schedule C. When I had breeding dogs during the audit she told me they belong on Sch c which is where I put them. Although when done with F and C still had a loss.
Just a side note. My mechanic told me good use cars are selling for 20 to 40% over book value. I attended an auction this past week looking for a good used car for daughter to use at school. Dang it he was right.
Here is an accident getting ready to happen or maybe already did. Executor's just can't give Estate property away without other heirs approval or bequeathed in the will.
TP and spouse mfj in 2021. TP deceased 2021. Have a carryover of cg loss that was the TP's(sp not involved). I realize c/o cannot continue onwards. Question is can I take remainder of loss on a joint filed 2021 return? Where do I put it? I am drawing a blank.
I get supplies at Supplies out. Order today by 12 and they be here tomorrow. I am still using my HP 4050 printers. Although had to put a Maintence unit in one in Dec.
Can somebody recheck me. tp CANNOT due to income have a contribution to Roth this year(2021). However tp put 7k in roth in dec 2021.
Value before 7k was 99699. Value today is 103334. I think TP needs to wd the 7k only. Would you agree?
Any one know what the latest dates could be for 2018 with a refund. Picked up 2 this week end. I can't seem to find a definitive answer. I did notice TP put in an extension with no balance due. He said prior preparer suggested he do it.
TP full time Correction officer. Days off TP does security patrol for Private stores. Each store paid TP on 1099NEC. Amounts to about 10k. TP is paying SS Tax on this income. Would it also qualify for the QBI deduction? I can't find anything saying no.
TP and spouse have 3 kids. They as mfj do not get any of the wonderful credits. If I split them and give kids to tp and none to spouse but give her 70% of the schedule A, refunds jump about 3k. Can I legally do this?
I filled a 1120s extension. proper 2553 election made during summer. IRS rejected saying extension was not for the ein# assigned. I have a stamped copy saying they had received my 2553. Now what should I do about the extension. I can do what abbynormal suggests. But would efile extension for a 1120 really work for a 1120s?