Hi to all.Maybe this is a question that many of you have, and I am one of them.The clients do not know exactly how many miles they have driven for deliveries wi... read more
How do you get the PTE to calculate correctly in the S-Corp for MN. When I activate the PTE it calculates the max they could off the K-1 but when you put in wha... read more
If a taxpayer builds a home as a side business, how is that entered into ProConnect?Taxpayer has a W-2 job unrelated to construction. A majority of their income... read more
I printed out a return on my office computer. showed a balance of $ 3,911 due to client.. all was fine.. I backed up all returns today at end of day.. I came ho... read more
Hi, I have a client whose property consists of a main unit and an ADU unit (previously a garage). It's rented to different long-term renters. In June, he moved ... read more
I have a client whose 1095-A had column A completed and 0 for column B & C. I went online and calculated the proper amount to enter in Column B and put 0 in col... read more
For tangible property there's the de minimis election to expense instead of capitalize. Is there anything available for intangible property, such as off-the-she... read more
Yes, this is a good one. She is not the smartest. She had one of those pop ups telling her her computer was hacked...long story short they convinced her to drai... read more
Hi,I'm working with an S-corp that had $80K of credit card debt cancelled in 2024. They have no other assets which should make them insolvent. My understanding ... read more
Partnership with two 25% owners and one 50% owner. Ten year rental holding is only asset in the partnership. 50% owner sells entire interest to both 25% owners ... read more