Client purchased duplex rental property in 2016 (property #1). Half was used as personal property and half used as rental. In 2021, client moved out of first pr... read more
Software creates automatically an INCREASE to the capital account for the same amount entered on the screen 22.1 Section 743(b) negative income adjustment. This... read more
I would appreciate help with the following situation. Thank you1. Taxpayer (Sole Proprietor, Schedule C) purchased material and supplies with credit cards and w... read more
Is Lacerte primarily a single core application like Quickbooks?Looking to replace hardware and, and just learned that for the most part, Quickbooks is a single ... read more
I am trying to get the trustee information entered correctly. The trustee is an individual, yet the above error is generating. Not sure how to clear / rectify i... read more
1 - I have foreign earned income 189750 in 20242 - I paid foreign tax 379503 - My foreign earned income exclusion is 1265004 - My inclusion amount is 189750 - 1... read more
Hello.My client will change the tax filing period ending from January to February.I will file their tax return of the ending 1/31/2025 soon.Is next filing perio... read more
A friend of mine used another preparer. This preparer told them because they sold land and bought a home within the 180 day period they were fine on taxes. They... read more
CA is the only state I've come across that doesn't seem to offer such a statement of general explanation with the E-Filing. Anyone find a workaround?Often I lik... read more
Hello friends! As the subject line says, this client has penalties for both failure to file timely and failure to pay. Couple of questions. In Pro Connect, is i... read more
Reading this error has been happening since 2020, when will it be fixed?? Why is it happening and unchecking the box to fix it causes the letter to the client t... read more
PTO needs to be updated to automatically truncate the Payer Name during W2 and 1099 import process. PTO has character limitations in the Payer Name field and in... read more
