I have a client who has recorded Rental Income and Expenses from property rented by a family member since 2019. In 2025 the taxpayer is allowing the family memb... read more
I am creating a 2024 tax plan in Pro Connect tax planner, and the federal withholding is different than what was inputted in the wages screen. Off by a signific... read more
I am a solo practitioner and this is my first time ever dealing with this situation. One member of a 50-50 partnership died July 2024. His wife inherited his pa... read more
I’m entering a federally declared disaster loss (hurricane) for a client’s personal residence in ProConnect. The FMV before loss is $152,000, FMV after is $122,... read more
MFJ clients asked me if they will qualify for the senior deduction, with an AGI of $200K. It is phased out for (modified) AGI starting at 150K. However, it’s a ... read more
Calling all Form 1116 experts!Client sold rental property in India October of 2023. Client has a long-term capital gain along with recapture of depreciation fro... read more
Lines 5a(1) - 5(b)2. Not sure if I report "2" or "0" on each line.This is a One Participant Plan (owner/administrator and his spouse). Never had anyone else. Bo... read more
I would like ProConnect to automatically email clients the e-file confirmation when it is accepted. I've had to send about 5 a day and this would save me time. ... read more
I have exactly two clients whose income includes tips, and both are self-employed. Under the new tax and budget law, one of them qualifies for the new deduction... read more
