This is the first I have seen an estate issued a 1099 nec for a sizeable amount. Yes there is a 1099 nec on the personal return.  Then this portion to the estate. I have not had this before am I right that the estate is not accessed self employment tax. I am reporting it on a schedule  C on the  1041   thx Michele

I have a joint return spouses are married but choose to each claim a different state as their full year home.  Yes they both live in different states. I am not sure how to get this to work in the program Indiana and Arizona.    thx Michele  

Husband always had single member llc for real estate rental.  This year he comes in and has changed information on the secretary of state website for 2023 to add wife to make a partnership. He never filed for a new EIN number and did not know the filing requirements for partnership and so there was no extension filed for it.   Can it be filed still as a single member llc for 2023 since he never did apply for the ein.   thx Michele

Been preparing this vacation rental for a number of years and the first time the losses should be suspended do to  the number of days they spent there compared to days rented but the loss for this year is not being suspended. Is there a box I am missing to be checked.   thx Michele

Client comes in with trust not too much income. Had not done a grantor return in the past but mother had died and wants final year. They want the trust to pay the $300 as of course everyone has already filed their returns. I get final return and capital gains have not been fully distributed as a critical.  Is there any way to do this keeping the beneficiaries off.   thx Michele

Taxpayer is on Medicare but drives a school bus part time. Employer contributed to HSA.  He was on a family plan and wife is not on Medicare but he is. when I show contributions made after Medicare eligible. The system say this is a paper return. Have you had to file a paper return or do you know if this is something you can override.     thanks Michele

client brings in information. he got ERC money. We did a final  S Corp return in 2022 he sold the business. The money was for 2020. Is  the 2020 going to have to be amended. He also paid someone for getting him the ERC money so he has those expenses that was charged against the ERC  The expenses  really to me are 2023 expenses but they go against the ERC. He is also receiving the final payment in 2024 so that would mean amending it twice.  I wish I could close my eyes and just show it as other income on his personal return. It is not going to change his tax bracket.    thx Michele

I though I found a box to mark at one time. where tax payer can be treated as a resident alien and a box to check for spouse being treated as non resident alien but I can not find it.   Any help greatly appreciated   Michele  

Client took out $200,00 +  heloc to fund new business that is a scorp..  The business had been making the payments directly to bank.  Can tracing rules apply and not be considered loan from shareholder and not have to show as loan from shareholder and not have to issue shareholder a 1099 int. Trying to figure the best way for this new client. They did put in a sizeable amount of their own cash for equity but  still trying to straighten out this mess.   thx Michele

Taxpayer still working and has hsa family plan. Spouse is on Medicare Part A. Am I correct that she can still be covered under his hsa since he is the owner of the family plan?  Can he still fund as family plan? and not have to fund as single?   thx Michele

1041 has  interest income. and is entered as interest income.  It is not showing up on k-1 it is throwing it  into long term capital gains. Which the return does have long term capital gains but why is the interest showing up there.  I had to do an override on all the beneficiary's k-1 and enter them manually.   thx Michele

Interesting   researching  State forms and I get TBD  I know every year Thomson Reuters always has their state forms ready to go earlier than Lacerte.  Mine on the program says historically 15 days after final version. So with TBD I am guessing sometime in February for states?  Anyone heard.  After this many years I guess I should be use to it.   thx Michele