My wife has income derived from sale of vacation home that was the sole asset of a partnership with her siblings that was dissolved last year. Her share of the net proceeds was reported as other income (Code S, Gain from long-term sch d) on line 11 of the partnership K-1. The partnership was not publicly traded. Free tax…
Wife and I have had a 1 rental house partnership LLC and have been filing a partnership return. During '24 went thru the process with the Secretary of State to disassociate wife from the business and change it to a single member LLC and also obtained a new EIN from IRS. Can I file this years return using 1040 Schedule C as…
Hello, So as the title says, I'd like to file the LLC Partnership (I'm in with my sister) for free. We are very small and not at the point of making profit yet, we are in year two. I'd like to preserve on money for our future plans. In the past we used TaxAct but it's just so expensive. If anyone as any advice, whether…
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