Hello y’all,
I have been issued a K1 which will flow into my personal tax return. Does anyone know which TurboTax version software I should use for my personal income?

funny
Posting as :
works at
You are currently posting as works at

This is Fishbowl, not TurboTax 🤣

funny

I use TaxAct and I had to do some manual form entry to properly record individual state income (my K1 has income from multiple states). It took me awhile to figure out how to do it.

helpful

Related Posts

How many years did it take before you could pay off all your med school loans? I'm starting to feel like it won't even be possible.

like

First time investing:

1) When I sell my stocks and have capital gains, how much do I pay in taxes? %?
2) Are Boeing shares worth it?

like

Pro tip: live close to poorer people to feel rich. The feelings of wealth are extremely subjective and is mainly based on comparison

likefunny

How much importance do you give to proforma numbers when purchasing an investment property?

like

NFA, but will be buying up sub 20K BTC… DYOR 🥲

Post Photo
like

What’s your target retirement number and at what age do you plan to retire?
Of course I know it depends on a wide range of factors, but I’m curious to get a sample from this group.
Mine is $5M at 55.

like

Who wants to start a DAO and buy time shares (literally lmao) in a watch.

Can rotate throughout the year 😂

likeuplifting

Anyone use financial planners or wealth managers? Pros / cons / considerations / recommendation for one in NYC?

like

What % of post-tax income do Londoners usually spend on rent?

Offered 6.2k per month post-tax and thinking of spending 2k on base rent, single household. Does that seem reasonable for someone who wants to save and invest?

like

Is this an aggressive position? Would you use final regulations effective for tax year beggining Dec 16, 2020 to support a deduction for calendar tax year 2020? Proposed regulations didn't include this exception. More details below.

How much money have you lost? Misery loves company

How to transfer PF fund from hcl to epfo if i was a non pension member???

like

Thoughts on UBER stock price? Likely to remain flat or possible dip with uncertain market?

like

I'm a masochist. PRQ tied up a ton of my assets during the last run up in early 2021 while crabbing and dumped just as bad as other alts in May. I just heard whispers of a big cex listing and put some money back into it. 😬

like

If you invest ur HSA funds into stocks, do they get taxed upon selling? I know they grow tax free. But if I sell them and not make any withdrawals, wud I be taxed?

like

Any recommendations on JV funds, hard money, private equity etc to fund MFC deals and great residential deals brrr/flip. Finding some great deals in my local market. Any tips on raising capital or attracting investors?
Thanks in advance.

like

Anyone else crazy and buying a house right now? Part 2, does anyone have new construction experience and any important lessons learned? Much appreciated!!

like

Moving to New York as a new analyst. What neighborhoods should I look at/how much should I expect to spend in rent?

like

Are most of people in this bowl from a science background or coming from a finance/impact investing perspective?

Has any one went from reinsurance back to insurance? The money is great and all but the W/L balance isn’t. Has anyone else felt the same?

like

More Posts

like

Any book recommendations? Here are a couple that I've recently recommended:1) Freakonomics2) Super Freakonomics3) The Big Short4) Never Eat Alone. Please add as you see fit!

like

How long Schneider Electric takes to release offer letter???

How many times have you felt that business/operations/"xyz" dept. folks are ruining the product by controlling what features need to be built rather than focusing on the problem statement.?

like

Is your agency Agency most interested in their DEI initiatives when pitching new business?

like

Please provide referral for
4.5 yoe Automation Tester
Serving notice period with only 15days left.

Kindly help.

like

How do you deal with your boyfriend still being friends with someone he slept with before? Kind of bothers me but not sure if it’s normal....

like

For EESP - which is better share withholding or payroll withholding? Thoughts?

like

can you help me evaluate this offer

BCG
Machine Learning Engineer 1
Yoe: 1 + master's degree
Org: Gamma X
Base: 120k
Signing bonus: 10k
Annual cash bonus: 20% of the base
Location: NYC

like

Capital One PMS- I’m expecting an offer for a product manager role soon. I have 5 YOE total , and I currently earn 133k. What sort of offer could I expect for the NYC area, and is there room to negotiate should it be lower than my current salary? Capital One

like

I’m a first generation professional and have been in this industry for only a few years. Anyone have an suggestions for dealing with discouragement and burnout? It’s been challenging trying to maintain career optimism and figure out my career with little guidance while also trying to be an encouragement to burnt out colleagues when I’m already feeling weary.

likehelpful
like

Anyone attended Zenius's technical interview? I am attending for backend developer role. Interview is of 90mins. Advice will be helpful.

In house insurance defense comp. What’s the highest paid and lowest paid companies? Which companies give bonuses? Please provide yoe and salary.

like

I need 11 L to connect with friends.plz help me to get that

like

Any idea when the 2021 bonuses are getting paid out?

like

Howz working for HCL singapore for banking client . Package is around 10k . Is it worth joining at Singapore than india ?

I am currently working for product tier 2 company. Package wise okay and role wise on not higher side compared to senior tech lead role at HCL.

like

Looking for better and competitive compensation according to the industry standard in delhi NCR region either in core IT industry or IT Consulting.

Current CTC - 250000
Expected CTC - 400000

Suggest me please.

like

Additional Posts in Personal Finance Bowl

Tips for refinancing a car I’ve had for 6 months. I’ve paid on time for every month but I’m paying $600/mo on a loan with 15% interest? I owe $25K. Will the original bank, Chrysler Capital, consider it or do I need to find another organization?

like

Thoughts on personal loans to consolidate Debt?

likesmart

What’s up with people talking about withdrawing from retirement due to CARES Act and investing elsewhere?

like

Have an acquaintance who is a single mom; she purchased a used car 3 mos ago. Six wks later her 17yo wrecked it, air bags deployed, and estimates have ranged between $10-$18k in needed repairs while $21k is still owed. Acquaintance was switching insurance policies and flubbed the coverage dates and there were a few days where the vehicle was uninsured. No GAP insurance. I'm not seeing many options for her besides to continue pmts, fixing just enough to drive or voluntary repo. Thoughts?

like

Seeking feedback on GAP insurance. I had a family member who purchased a car in June or July. They were in an accident last week and it sounds like the car will be declared a total loss. Never dealt with this before, so wanted to ask if anyone has ever had an instance where the insurance didn't cover the outstanding balance of the loan and the insured then owed money? Car was $35k, $7k down, finance $28k. Gap insurance is through lender, not auto insurer.

Currently maxing out my 401k and HSA and investing about 1k/mo in ETFs. Also recently started buying I-bonds given inflation. What are other things I should be thinking about?

like

accountant said he needs my IRS pin to e-file. Can anyone confirm this is legit?

like

Why do 403b have such I fees? I almost want to stop contributing all together or just minimum 6% to meet the match. Possibly just rely on the pension but what if it’s underfunded when I retire?

I NEED HELP WITH CREDIT SCORE issues: Two months ago my credit score went down by 30 to 40 points due to dad missing credit card payment by a day (i got added to as authorized user on his credit card for me to build credit but now I’m filled with regret). I was devastated by it. This past month I have been making more payments and paid off my aug statement in full thinking it will boost my credit score. But I don’t know why it went down another 10 points. More below:

Newly minted consultant here looking for financial advice.

So I just moved to consulting after B school, and It's more money than I've made my entire life. After paying for rent and living expenses, I have 6000$ left over every month. My student loan payments are about 1200/month at 7% interest. I still owe another 95K on my loan. I have the option to pay more every month and reduce my overall interest paid.
Currently I put about 3000 towards my loan and 3000 towards my savings. Cont'd...

like

I am 25 years old with roughly no savings. I am a consultant with a technical background. Are there any tips in side jobs/ways to make more money for savings?

like

For those of you that currently pay 30% of gross income towards rent, do you still have money to save? I’m moving to NYC and am used to paying only 15%. Pay is now 125k base so I’m looking for apartments around 2800-3k

like

I recently joined a company after being self employed. I’m on hubs’s health insurance. We have no kids. It’s United healthcare. The company offers United as health insurance. What’s the best way to compare plans? I have not been in this situation before so apologies in advance if this is a dumb question.

like

Best high yield savings products?

like

What’s a good baseline amount to keep in a checking account? I generally keep mine pretty low <1000 after paying CCs then dump the rest in savings. As I’m building a rainy day fund and then I will start contributing my brokerage account.

For reference <1 year experience at $4500/month (after taxes and 401k contribution)

like

Have about 5k to invest - should I do FXAIX or FSKAX?

like

Live in a HCOL area. Looking to buy in the next year. The least I can afford to buy would put a mortgage at 40% of my monthly take home pay (post tax + max out 401k) but 25% of gross income. Will 40% of take home pay make me house poor?

like

I’ve always been a big saver minimum 15% to maxing out my 401k since I graduated college. I’m married to someone who thinks 6% is enough and likes $$$ cars. Other than the cars, they dont really spend money. For the married 🐠, how do you have the conversation with them that what they are doing isn’t enough? I try to guide them and say you want the $$$ cars but the salary you have won’t get there and you’re going to have to find a job that gets them the salary…. Then the fight starts.

like

I stopped contributing to my 401K for the last three months in order to pay off credit card debt. I am 28 and have about 68K in my 401K. Was this a smart decision? I want to get out of debt as quickly as possible and I have no student loans or car debt.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal