top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

Contigent Tax Return...Where do I list this?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Contigent Tax Return...Where do I list this?

    I expect to get approx. $3500 in a tax return this year. I received $5000 last year.

    I used last years return for auto repairs, card payments, catching up on bills, etc.

    Can BK take my return this year? I need it for much of the same. Also, Do I list this as a contingent tax return on Schedule C? I did list it on Schedule B in approximation.

    Thank You All

    #2
    In my understanding that everything that is listed on Sched. B is also listed on Schedule C, but on C you mark what you choose or need to exempt.
    Yes, I believe that they can take your return. Whether they will or not is tha only question. If they ask, just tell them how you use it.
    This advice is from a non professional and therefore is just my opinion and understanding.

    Comment

    bottom Ad Widget

    Collapse
    Working...
    X