I am entering a 1031 exchange for individual, the FMV of new asset is less than the asset sold.I have entered the disposition on the asset (depreciation) screen... read more
Hi there,Can someone help me with this issue?My client is a Form 1065 LLC who has a rental property. I entered the rental property on Form 8825. However, the ba... read more
For a 2022 individual tax return, I attempted e-filing the return and get the following error message: The e-File database indicates that Form 8962 or a binary ... read more
Details:Bought and placed into service 2017. 50% rental 50% personal residence for duration.Lived there with spouse until 2019 when they divorced and she bought... read more
Part 1 (there is no petition for provisional emission rates).Address of building entered.#4 - There was no construction, the solar panels were installed on an e... read more
Lacerte crashes when I attempt to export an invoice to QBD. Has anyone else had this problem or know of resolution? I have the latest update, which could be goo... read more
I'm trying to pull 941 account transcripts for a client and when I used Proconnect, it allows me to select a tax year, but not individual quarters. When I downl... read more
All foreign income is RIC. It is my understanding that if all foreign income is RIC that the designation for each individual country is unnecessary pro Series d... read more
I am trying to confirm if MA recognizes trader tax status. On the Federal Tax return, trades are reported on form 4797, part II, gains are taxed at ordinary rat... read more
I have a NY S-Corp that had some income in CA. the taxable income that passes thru to CA is 5 times what the Fed net is. First, why is that happening? I can't f... read more
I am preparing a PA-41 estate tax return for a estate that is considered a resident of PA. There are two beneficiaries who are residents of MD. Therefore, they ... read more
I am preparing an individual tax return for 2023. The taxpayer filed an extension on 4/9/24. However, the payment due was made 6/18/24. The program diagnostic s... read more
Hello! I'm getting ready for the upcoming tax season and would like to have seasonal tax preparers. I'm wondering how do I add them to my license, without them ... read more
