The client has an interest in a PTP that reports income and losses from three lower-tier PTPs. As I understand, losses from the K-1 should be subject to one bas... read more
SC Form SC8453C line 2 should equal SC 1120S line 10. The link is to line 9 so the amount is wrong.If SC active trade or business tax is not paid by company it ... read more
Adult taxpayer, 21 years old.. not in college, no one claims him He is listed on his parents 1095A for coverage, which I have I entered in the 1095-A info for ... read more
My client rented one part of the house and lived in the other. few years back he sold the entire property and invested in a 1031 exchange DST consisting of mult... read more
Has anyone run into an error in the Connecticut Social Security Benefit Adjustment Worksheet calculation on line B of the worksheet? It is supposed to be the am... read more
I am reading an excellent article by Mr. John S. Gordon titled: Tariffs in American History. In 1789, the new State Department had five employees. The new Treas... read more
In HomeBase, if I choose All Tax Returns, any client with a 1041 does not show up. If I choose 1041 in the dropdown menu, the 1041 clients are shown.How can I m... read more
On every RI extension I filed for 2024 form RI-1040, page 2-line 14i is not calculating correctly. Is anyone else having this issue.? Line 14i is Net Payments w... read more
Hooty HooIn ITA I have selected the S Corp compensation strategy and ITA lowered the 2025 compensation from 2024 by 30K. It didn't disclose the methodology for ... read more
