A complex trust has a foreign tax credit of $190 from a 1099, and I want to ensure it is entered properly to pass through to the beneficiary. What is the proces... read more
Hi - I am a tax preparer & use Pro Series Basic. I need some hand holding with a K1 1120-S section V. I prefer some one on one help by phone. I am willing to pa... 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
I am attempting to get the actual distributions to the beneficiary entered, and I believe the best way to do so is to override. The override does indeed work to... read more
Good afternoon folks -I'm reporting a like kind exchange of rental real estate for a client. This is my first. I understand that incidental personal property li... 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
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
Hello community I know we are all tired and need a break. It's coming soon.I have a question that I have researched and have not been able to find an answer to.... 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
A client will be receiving a 1099-INT in 2025. However, the interest will be split 50/50 with her sister.I understand my client has to send the IRS a 1099-INT w... read more
2023 taxpayer had simple side job W-2 that the employer never correctly sent to SS. The IRS denied the $1800 withholding. We jumped through all the hoops and ev... read more
I see a statement that tells me the amounts that have been used and by year for my NOL.I want to print out the report that shows, by tax year, the amount that m... read more
