Reporting K-1 Profit/Loss

by Bob
(Cleveland Ohio)

If a partnership is held within an IRA, does the profit or loss reported on form K-1 need to be reported on your income tax?

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Income Tax Questions.

Reporting Taxes To State

by Jimmie
(Los Angeles )

My employer recently started deducting taxes from my pay and I was wondering if there was some way that I can find out if it's being reported to the state or social security office? I'm not to sure how to go about this... I guess in a sense I'm just trying to figure out if what's going on is legal... Because only two things are deducted from my pay (ssi and sdi) I'm assumed there should be more like something concerning state and federal deductions as well. Is there a way that I can find out if this is the correct procedure for tax deductions?

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Income Tax Questions.


Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you each month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.


Enter Your E-mail Address
Enter Your First Name (optional)
Then

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.


Like Bookkeeping-Basics.net?