I was directed to this form when my client received a non-cash distribution on his K-1. He does not recall what he received so it is difficult to determine the ... read more
Hello,I am preparing a Form 7203 as part of an individual tax return. The taxpayer received a Schedule K-1 from an S corporation, and I want to confirm whether ... read more
I know I have done this before, but cannot recall how. I am using Proseries. I have a client who was a Lahaina Fire Victim. She, her mom and Dad and Grandma los... read more
How do you get the system to limit a rental loss on a vacation home that is considered a residence? Income less expenses including deprecation results in a net ... read more
Would like to see a back-end solution to see which preparer and/or user within a firm summited and e-filed tax return. This would help with some administrative ... read more
Experts! I have a problem that needs clarity. Part V on from 8936 and Part V on Schedule A 8936 point to the ability claim as a business a credit for a Qualfied... read more
Will PS update PS24 software for new tax act so that we users / subscribers can use Tax Planner in PS24 accurately when serving clients via 2025 projections?
I have a client whom was Deceased 12/13/2023, I did a tax return for him for 2023. His kids are now getting and IRS notice stating he should have done a 2024 ta... read more
I am completing form 1120 for 2024, and somehow form 1120-H is being generated.It is appearing in the Forms in Use section.I do not have it checked on the Info ... read more
