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
Hello, I have a client who contributed the max to a solo 401k for 2024. I filed for an extension while the client was waiting for some additional documents. The... read more
My client’s son was left a life insurance policy from his dad whom passed away a number of years ago. The payout of the policy was restricted and remained untou... 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
I am looking to update my computer. What are some high-end specs that I should be looking for in a computer to run Proseries as fast and efficiently as it is de... read more
Would a taxpayer get rejected with a 8962/1095-A type reject for a dependent listed on the Filing Status under HOH where the dependent is "Qualify Person Is Chi... read more
Need to know how to enter info for schedule E. Home converted to rental use 7/1. Time before the rent started is not considered personal use per IRS publication... 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
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
Hello Tax Survivors!Can anyone help me with unlocking a file that is indicating that it is "locked by Another User".My set-up is a Stand-Alone system as a sole ... read more
Taxpayer was self employed first half of the year. Second half he was both self employed and employed working from home. Can he take a business use of home for ... 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
Taxpayer's income is IRA RMD and Social Security. RMD has Fed and State withholdings. In March, He sold rental property and realized a gain of $340,000.Factorin... read more
it would be great to have a way to import a price list so the software can automatically generate an invoice based on per form pricing. I have clients that have... read more
