Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
I have a question about 199A. I forgot to claim it on our
Hi, I have a question about 199A. I forgot to claim it on our partnership returns but I did claim it on our Scorp return. … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,665 satisfied customers
ON THE 1120S 199a income box should that be the net profit
ON THE 1120S 199a income box should that be the net profit so the 20% OF QBI IS ABLE TO RECEIVED?… read more
Carter McBride
Carter McBride
LLM
3,242 satisfied customers
20% PASS-THRU TAX DEDUCTION. 2018 with total revenue or
2018 with total revenue or $40,500 paid to an active LLC. How do I report this $8,100 deduction? … read more
Alexander Efros
Alexander Efros
Financial Planner/Tax Specialist
Masters of Business Administration (MBA)
877 satisfied customers
Trust income is rents from land. Trust also sold this land.
Trust income is rents from land. Trust also sold this land. The K-1 says box 14, stmt * I (letter I), but there is no statement. 14"I" says QBI 199A. I checked the QBI worksheet and it shows the renta… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,923 satisfied customers
I have a client who is a successful real estate broker and
For LaneHi Lane,I have a client who is a successful real estate broker and her real estate license is in her personal name. We want to set up an s-Corp so she can pay herself a salary and take advanta… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,665 satisfied customers
Does ordinary income from a general partnership qualify for
Does ordinary income from a general partnership qualify for 199A treatment? The line of business is digital marketing.… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,894 satisfied customers
A taxpayer owns 100%of his dental practice, which is an S
A taxpayer owns 100%of his dental practice, which is an S Corp. The total wages he paid himself & his 2 employees was 60,000. He files a joint personal return & his total income (W-2 + pass through S … read more
Carter McBride
Carter McBride
LLM
3,242 satisfied customers
A taxpayer receives a K-1 from an S Corporation which he is
A taxpayer receives a K-1 from an S Corporation which he is a 50% stockholder in. In block 20 (Other Information), one of the lines is coded AB & the amount on this line is 502,000. I am aware that co… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,665 satisfied customers
Lane, going back to passive loss recorded on K-1 I asked
Lane, going back to passive loss recorded on K-1 I asked about earlier today - would that loss affect (reduce) QBI 199A overall deduction for that taxpayer?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,665 satisfied customers
I am using Turbo Tax self employed. I am a partner in a LLC.
I am using Turbo Tax self employed. I am a partner in a LLC. My partners accountant has provided a K-1 that doesn't match the necessary fields that Turbo tax is asking for. … read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,691 satisfied customers
Under the next tax law, how is the incom determined for an
For Carter,Under the next tax law, how is the incom determined for an SCorp? I was told it was based on actual income, interest earned and maybe payroll?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,665 satisfied customers
I am uncertain about the 199A worksheet numbers turbotax
I am uncertain about the 199A worksheet numbers turbotax Business reports for doing 1120S tax reporting. Also, the Qualified Business Income is not the same as income minus deductions. … read more
HK Tax
HK Tax
CPA
Master's of Science
362 satisfied customers
I am adding 199A Income to a 1065 K1 form (line 20 Z). My
I am adding 199A Income to a 1065 K1 form (line 20 Z). My software keeps saying that the amount I am entering doesn't match the K1. Should that amount be the same as the income in K1 line 1, assuming … read more
Carter McBride
Carter McBride
LLM
3,242 satisfied customers
I am the sole shareholder of an 1120S and have a question
I am the sole shareholder of an 1120S and have a question about QBI and Lines 17V and 17W on the 2018 1120S … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,923 satisfied customers
Just want to confirm something with section 199A. I have a
For LaneHi Lane,Just want to confirm something with section 199A. I have a client who is a realtor which is a QTB for section 199a. If he nets over $700K and is an LLC and does not pay any salaries to… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,665 satisfied customers
I'm trying to figure out the pass through deduction for a
I'm trying to figure out the pass through deduction for a single member LLC that is considered a SSTB. No wages were paid to any employees, and the LLC has no depreciable assets.If the owner files as … read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,691 satisfied customers
I file a Trust Return for my deceased wife. I pay tax on any
I file a Trust Return for my deceased wife. I pay tax on any capital gain, and any income is passed through to me on a K-1. From what I read, under the new tax law, REIT's, S corps, Partnerships, and … read more
Tax.appeal.168
Tax.appeal.168
Principal
6,590 satisfied customers
Lane - Can you run this scenario for me using your section
Hi Lane - Can you run this scenario for me using your section 199A model that you have. Here are the factors:S Corp Engineering Firm so a non service relatedW-2 Employees of $1,728,000 ($701,000 of W-… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,665 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,937 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

261 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

17,888 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,659 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x