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K-1 schedule foreign transactions - blocks ,C, D, and E have
k-1 schedule foreign transactions - blocks B,C, D, and E have small numbers (578,138,176, and 8 resp). Report this on form 1116 or schedule E? … read more
Lev
Lev
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I use Drake Software and I have following codes in Schedule
I use Drake Software and I have following codes in Schedule K-1 form 1065 that I do not know where it will go because they are not on the software. Can someone help:Schedule K-1 1065 Part IIIBox 11 Co… read more
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On form k-1 (1065) box 11 Code F Section 951A income
On form k-1 (1065) box 11 Code F Section 951A income (Subpart F) where does this income get reported on 1040?… read more
Stephen G.
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I have a k1 that has box 11 code f with a net irc sec 475
I have a k1 that has box 11 code f with a net irc sec 475 income of $28000. … read more
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US LLC owning 9% of foreign corp. I'm charging management
US LLC owning 9% of foreign corp. I'm charging management fee to this foreign corp and I know that's income on my LLC. Do I need to report 9% also of the income from this foreign corp?… read more
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, I have a question regarding filing the Schedule K-1
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Lev
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Our partnership recd a 1099-misc for the proceeds recd for
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Lev
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Dear Tax Professional, If a foreign corporation is one of
Dear Tax Professional, If a foreign corporation is one of the members of US LLC and received a K-1 from that LLC, I understand the foreign corporation is required to report 1120-F, but where we should… read more
taxmanrog
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I have a client who has a partnership with a couple of k1 investment.
I have a client who has a partnership with a couple of k1 investment. On 1 k1 it states line 11 other income code F - NET IRC Section 988 Gain/Loss...under the other k1 it puts the same line 11 but un… read more
jgordosea
jgordosea
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This question is regarding how to properly file US taxes for
This question is regarding how to properly file US taxes for an individual. Please only answer the question if you are familiar with form 5471 and the topic of subpart f income. Some background facts:… read more
PDtax
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My wife and I registered a business as a multi-member LLC in
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Lev
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I do only online Spot or Cash Forex Trading at a very micro
I do only online Spot or Cash Forex Trading at a very micro level with the capital of $4000 only deposited in 2 Forex trading accounts with the same broker - FXCM , i am planning to file my taxes for … read more
Lev
Lev
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Hi, I am doing taxes for my subchapter S corporation. The
Hi, I am doing taxes for my subchapter S corporation. The company's income comes from consulting for two foreign companies. The companies wire monthly payment to me. In Turbotax, it asks me what forei… read more
jgordosea
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Question l On a Schedule K-1, Line 9, Net Sec. 1231 gain
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I received a K-1 from a partnership that I invested in. This
I received a K-1 from a partnership that I invested in. This partnership has operations overseas, and reported other income, calling it 'realized currency gains.' There is no mention of Sec. 988 or Se… read more
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Normally, I file married, jointly with Schedule C. I have
Normally, I file married, jointly with Schedule C. I have a one time need from stock sale in 2008. I need assistance filling out Form 8873. Can you help?… read more
jgordosea
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Special request for John Gordos (but any other US tax expert
Special request for John Gordos (but any other US tax expert will be fine). Assume I am a US taxpayer (at present I am not). Assume I own 100% of the share capital of an offshore company based in say,… read more
jgordosea
jgordosea
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Bachelor's Degree
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I received a schedule K-1 from a publicly traded patnership ...
I received a schedule K-1 from a publicly traded patnership that reports income from subpart F income. On what form and where is this placed and is it taxed at a qualified dividend rate, ie 15%. It is… read more
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