When you enter a 1031 "like-exchange" in ProConnect, and use the standard (not simplified) method to continue the depreciation of the old property basis, it cre... read more
New client has rental property that was sold this year. I entered building, land, improvements separately in Input / Deductions / Depreciation. In Details, I pu... read more
I saw someone was busying posting ideas this morning, and an idea just popped into my head after seeing those posts. I don't ever remember seeing anybody here a... read more
Hello Community!My client is in the uniformed services originally from Oregon and plans to go back to Oregon after his assignment is over.He is currently living... read more
My client retained the deposit that the prospective buyer forfeited because the purchaser changed his mind. Would the forfeited deposit that my client kept be r... read more
Hello ProSeries Community,I am reaching out to share an issue I’ve been experiencing with the ProSeries Professional Tax Software 2023. Despite numerous attempt... read more
Taxpayer needs to file for tax years 2018 through 2024. The taxpayer's spouse filed separately (MFS) from 2018 to 2022. In 2023, they considered filing jointly ... read more
S Corporation shareholders who get insurance through an exchange such as Covered California and get reimbursed by the corporation will not be eligible for insur... read more
Taxpayer’s spouse passed away in 2018. The spouse solely owned a rental property, but the rental activity continued to be reported on the taxpayer’s personal re... read more
The ProConnect team is happy to introduce the latest feature: Click to zoom and highlight for W2 import.View the article here:Using the input drawer to import d... read more
Hi All, Does anyone know who I can talk to about the major mess Lacerte caused me in January of 2025, with the 2024 rollout? Lacerte deleted my entire Firm. I ... read more
Clients number one complaint after a tax return is submitted is that their banking information either is wrong, or they have closed that bank account. These com... read more
Hello,I worked on a trust that owed both federal and state tax. The state tax was taken on 4/15/25, but the federal tax was not taken. The federal should have b... read more
Did you know about this stupid law? I didn't. From Bloomberg: The Atlanta Braves, the country’s only publicly traded Major League Baseball team, is facing off a... read more
