I have a 63 year old client that withdrew $60,000 from his IRA for home improvements and other things. He discovered he didn't need that much so within 60 days ... read more
My understanding is that the energy credit for leased solar panels goes to the leasing company and the customer is not eligible for the tax credit on their 1040... read more
I have a new client who was diagnosed with dementia several years ago. Unfortunately, they do not have immediate family. Luckily, one of their long time friends... read more
I'm looking for the box to click to add the required notification to all the K-1's stating that a K-3 will not be provided unless requested. Ready to print the ... read more
So Lacerte seems to have replaced "Requires Electronic Payments" for California with "Participant in ETF/Web Pay Program."But these are NOT the same!The "Requir... read more
First time user of ProSeries esignature. How can you tell which spouse has/hasn't signed a forms request? I don't see anything within the client file nor can I ... read more
Are there any PS instructions for entering an asset sale in Form 1120S? My search hasn't found anything.I'm trying to determine the mechanics of recording the s... read more
NYS - My client is a 20 percent beneficiary an inherited IRA. How do apply the 20 percent limitation to the $20,000 pension exclusion? I added the percentage on... read more
I have a customer that borrowed against their investments. They paid back Loan/Margin Interest, is this tax deductible in any way? Where do I enter if so?
Pros—if you have a clear and well-supported answer, please share. If not, I’d appreciate refraining from unhelpful or judgmental commentary.The taxpayer and spo... read more