Passive income. You need to make sure that Schedule 7 is filled out. Make sure that your income is listed correctly on schedule 125 under rental or investments so that the software knows that it is passive. It should calculate correctly. Where it is entered on the form denotes active or passive income which should flow through.
Passive income. You need to make sure that Schedule 7 is filled out. Make sure that your income is listed correctly on schedule 125 under rental or investments so that the software knows that it is passive. It should calculate correctly. Where it is entered on the form denotes active or passive income which should flow through.
If this is the small business tax credit, is there a reason not to claim it? Are you trying to apply it to a connected corporation?
hosamuelk
New Member
jcooper5
New Member
uv_spice
New Member
icaguilar1000-gm
New Member
BCG1
Returning Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.