Do you still have to file if you have an llc where you are the only employee and your company has never made any profit or money ?

When amending a return, where do you report the repayment? 8915-E is for distributions and repayments but says NOT to include repayments made later than the due date for that return.

Please, can you do a revamp of this 5 year old, tax advantage strategy? Also, can you show us where to find out whether the dividend stock, REIT or ETF is indeed Qualified? And a small list of qualified dividends please? I’ve only seen about 3 videos about this subject, and that’s including this one! It’ll also be great if you can show how to file the tax for this.

The younger generation doesn't want to wait that long.

Update on these funds? Looks like they've done pretty well over the past few years.

to clarify- if I have one rental, and rent it out 3-4 weeks a year, and I'm a passive investor, then the mortgage interest and insurance, property tax, deprectiation on this rental property is NOT tax deductible on my regular income and capital gains from stock investments. Correct?

How about wash sale?

First time listening to you. Thank you for sharing your spreadsheet you shared with your listeners. It is very helpful. Val Palmer

Awesome video. Thanks for the template. How would you suggest to log expense reimbursements? Same as other expense tabs?

My checks keep getting intercepted but the farmers home administration now called rural housing development. Obama changed it. I was one month behind and they took a month to tell me to give me a moratorium and I wrecked the car and I need my tax check to buy another car so I don’t lose my job and those people keep intercepted all my tax checks and taking them they took all the state tax. I couldn’t know them anymore but they’re claiming thousands I don’t. I don’t wanna pay the loan. I’m not ready I need money. I don’t know what to do or what they’re gonna do. I’m really upset. They want me to keep calling them back for when they get it. It applies to the account that they have to ask to give it back and I don’t know how they won’t do it, nervous wreck

I feel investors should focus on under-the-radar stocks, considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises plummeting stocks that were once revered. I don't know where to go here out of devastation.

This was too all over the place. Please redo.

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

Bullish or bearish, AI stocks will still dominate 2024, even beyond. Why I prefer NVIDIA is that they are better placed to maintain long-term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take these other recommendations you made.

I took out money from my 401k in 2020.

I think I’m more confused now

Thank you

Thank you for this great video. I believe I qualify for what you are talking about. I will double check with my tax preparer. She may already be doing this, and I am embarrassed that I don’t know either way. Question: may I use that loss allocation that you were talking about against unearned income that I am earning off of my investments? Presently, I don’t have any earned wage income.

Can my accountant just look it up for me and do it for me?

Great content; this is what I've been searching for. I also subscribed!

Yep I agree

Could you make a new updated 2024 version if you have time? Doordash and grubhub more drivers then ever. Curious if a low cost vehicle could be a tax advantage in some form or fashion

Thank you for your video! Easiest way to learn depreciation

I love your video!!!! Thank You!!!

I have rented out a house that i lived in and owned for 38 years prior to turning into a rental. This is longer than the 27.5 year standard term of depreciation. How could I approach developing a basis for depreciation? Could factors such as past repairs and renovations be pertinent?

hello, thanks for sharing such imprtant information ill contact you see if you can do my taxes or give me some advice im a manager to two short term rentals thank you my name is jose garcia

How do I get the ### to turn into numbers on the template? The Rental income on the first page will not change for me for some reason.

hey just catching up to your videos and appreciate the content, I do have a question Dropbox wants my CC info and dont feel comfortable with that, is there a way i can get the ling from you directly or another way?

Any updates on this?

4 months working in a CPA firm doing taxes, I’ve been watching tax education videos to keep up with my work. Your content is perfect for real tax professionals. Subscribed 🎉

Did we all see the tampon B roll footage? Am I taking crazy pills?

you are the best. Im using your template for my investment property and REALLY REALLY Appreciate you taking the time to help others out like myself. THANK YOU from the bottom of my heart

You overcomplicate this a little. It's not that complex.

CON TIME ... INVESTING TAKES TIME

I like my cpa but I feel he doesn't respond to my emails, phone calls, without my constant following up with him. Looking for someone who responds within a reasonable time.

Thank you so much for doing this video. This is so helpful!!

Unconstitutional Clown Tax

It's all about Power and Money for the State of California and it's employees.

Ty subscribed!

Thanks for this! I have a 5498-SA and 1099-SA for client that I am entering right now. I am using Drake which does not exactly dumb it down for you. I was never sure if that I was entering this correctly until now. Your videos are appreciated!

Absolutely legendary

It states “you” have to operate less than 5 to claim standard mileage deduction. What if the taxpayers are filing married jointly, there are two taxpayers. Can they operate together up to 8 and still claim standard mileage deduction?

great video

Great video! How do I download the template

🔥🔥🔥

Love this!

Hopefully you can help me for I’ve yet to find an answer but can I still file a Schedule C if I’ve yet to make any money from my channel? My sole purpose for my channel is to eventually make a profit but if I can’t make any money, then all my expenses put me at a loss. Being that I’m also a full time W2 employee, will my losses from my Schedule C deduct the taxable income on my W2?

I need a mentor! 😀

What's stopping from me putting in the max and drawing it out since I'm 68

Tax is theft 😢 SS is one hand giveth, the other is taketh away.