New York/Connecticut Association of Tax Professionals | Kenneth Liljeback | Activity https://www.nyctatp.org/members/kennethliljeback/activity/ Activity feed for Kenneth Liljeback. Sat, 02 May 2026 03:04:05 -0400 https://buddypress.org/?v= en-US 30 hourly 2 3284f8ef93416eab480ac2c962ff0bc6 Kenneth Liljeback replied to the topic RMD's from SEP for those still working in the forum Tax Discussion https://www.nyctatp.org/forums/topic/rmds-from-sep-for-those-still-working/#post-18590 Fri, 07 Apr 2023 18:28:45 -0400 It’s not a SEP 401k.
Thanks Bob & Diane so much for your comments. I appreciate your help.

Ken

]]> a8152263b8ec8b5857a50aa4a64d39f4 Kenneth Liljeback started the topic RMD's from SEP for those still working in the forum Tax Discussion https://www.nyctatp.org/forums/topic/rmds-from-sep-for-those-still-working/ Fri, 07 Apr 2023 16:12:56 -0400 Taxpayer is 76 years old and is self-employed (still working) with no employees. She has a SEP (100% owner) and has been taking the required RMD’s since age 70 ½. She was told by her broker that she didn’t have to take an RMD for ’22 since she was still working, so she didn’t take the RMD.
I don’t agree since I cannot find anything that suppo…Read more

]]> 5c8fb7baedc5d4c37dfe24afbd319bd6 Kenneth Liljeback replied to the topic Partnership Losses in excess of basis in the forum Tax Discussion https://www.nyctatp.org/forums/topic/partnership-losses-in-excess-of-basis/#post-14144 Mon, 06 Apr 2020 00:34:52 -0400 Got it! thanks very much, Tom.

Ken

]]> 85bc065e04a15633d3ea718e50c245a5 Kenneth Liljeback replied to the topic Partnership Losses in excess of basis in the forum Tax Discussion https://www.nyctatp.org/forums/topic/partnership-losses-in-excess-of-basis/#post-14130 Fri, 03 Apr 2020 20:16:15 -0400 Thanks, Linda. I appreciate you pointing me in the right direction. I’ll check it out.

Ken Liljeback

]]> a86f2a7ceeda417b653f08186c872cef Kenneth Liljeback started the topic Partnership Losses in excess of basis in the forum Tax Discussion https://www.nyctatp.org/forums/topic/partnership-losses-in-excess-of-basis/ Tue, 24 Mar 2020 00:07:45 -0400 TP is a 50% general partner in a fitness center operation and has a K-1 with a 20k ordinary loss. Basis calculation PDF has been prepared for 1040. TP’s Net outside basis is negative for which max is zero. TP has substantial other income on her return. I did Form 461 and it indicates no excess losses.
Can the loss be taken despite the zero b…Read more

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