I have a client with a passive activity credit carryforward from 2023, the year the credit originated. Form 8582-CR for 2024 recognizes the carryforward from 20... read more
TP was divorced in 2024 and converted his rental property to his residence on January 1.I'm trying to stop depreciation on the rental property for 2024 and keep... read more
It would be very helpful if we could file estimated tax payments for 1040s separately and apart from doing an extension or filing the return. With High Net wort... read more
Every January I have been sending letters out to my clients via U.S. Mail. In that letter I include a punch list of common items for them to gather for their up... read more
When K-1 from S Corp has a loss, and shareholder has no stock or debt basis, Form 7203 is calculating correctly, but Form 1040 is deducting the loss against ord... read more
When you file a tax return after the extension date and you miss 1040ES preset dates. It would be nice with we could modify the payment date the first of which ... read more
We are trying to install the current version of DMS on a Windows 11 PC. This is a firm which has many years of tax information in ProSeries and DMS and we are n... read more
I need to file a superceded tax return for an S Corp. Client has an automatic extension until 10/15/25 because of the Los Angeles fires. There is no issue with ... read more
I e-filed two returns (one 1065 and one 1040) yesterday. Usually the e-file status moves "from received by Intuit" to "sent to IRS" within 4 to 5 hous. Are othe... read more
Taxpayer bought a house 6/2022 1.35 million 50% owner (675,000)Sold it 6/2025 1.45 million (725,000) 6/2025Partner did 1031 exchange for their share and is NJ r... read more
How do I group S Corp K-1 & Sched E Disregarded entity in Pro Series. The S Corp rents exclusively the commercial building owned by Disregarded entity. Regulati... read more
