Capital Gains Tax Computation: $808 of the taxable qualified dividends or capital gain on this return is subject to the 0% capital gains tax rate. This amount i... read more
Client disposed of vehicle in 2024, had 0 business use and reporting sale price of 25000. ProSeries is calculating depreciation when in fact it should be no dep... read more
I have filled out Form 8958 for showing allocation for couple filing MFS; I realize it does not flow anywhere. My dilemma is getting 1/2 of income and taxes wit... read more
Hi Everyone,I have a client from New Mexico. She is a Pharmacist and she have a certificate of eligibility forRural Health Care Practitioner Tax Credit ($3000).... read more
Is there something up with Ohio School District filings for 2025? The Update list shows it's ready to eFile but on the checklist the form is missing under Schoo... read more
I am expensing a roof repair under the Small Taxpayer Safe Harbor election. (Section 1.263(a)-3(h) Safe Harbor Election for Small Taxpayers)I am supposed to att... read more
I have a client asking if I can create and file a 1099-MISC or 1099-NEC for someone they hired while I also preparing and file their own (the client's) tax retu... read more
Farmer moved to renting out his pasture, still has expenses that produced a loss. I checked the At Risk box. Why is it going to Form 8582 denying the loss? His ... read more
Hi,I have an individual taxpayer who is eligible to claim a credit on Form IT-219 - Credit for New York City UBT for NYC UBT paid by multiple NYC partnerships. ... read more
"President Donald Trump on Wednesday said he would push for a taxpayer deduction on interest payments for cars made in the United States. The tax change is expe... read more
Executive Order Will Generally Bar the Use of Paper Checks to Make Payments to or Receive Refunds from Treasury, Including Tax Related Ones — Current Federal Ta... read more
Hi to all,Client become H1-B visa on 13/11/2023. She were in the U.S. for 49 days in 2023 and 365 days in 2024.Client can chooseFirst-year choice and as I know,... read more
I am wondering why I am not able to print the 2024 Client Presentation.I can go to Tools on the menu bar and select Client Presentation and view in Excel, but I... read more
