Texas client sold soybeans gifted to him over a year ago by parents who farm in Ohio. He wanted to play the market so his parents stored the beans for him. He s... read more
Does anyone know how to enter Accrued Market Discount on a stock sale for a resident of PA. The federal return treats it as interest income, and is added to cos... read more
My client is a single individual, age 85. She gave $21,000 to her son in 2025. Her taxable estate will likely have a value of $1,000,000 to $3,000,000. She is r... read more
Taxpayer installed new electrical panel that is in excess of 200 watts and qualifies for credit up to $600. However, I can not see in the energy credit screen 3... read more
Hi, all,When printing a tax return, I am accustomed to seeing three boxes checked... preparer copy, client copy, and government copy. For 2025, only preparer re... read more
I am preparing Federal and MD state individual income tax returns for 2025 for a non resident of MD that sold real estate located in MD in year 2025.The MD prop... read more
My client is a trust holding a 1/3 interest in a Partnership (activity is rent of land used for hunting). The trust sold its interest on March 1, 2025. The CPA ... read more
In attempting to prepare a superseded tax return for a client, I am getting a diagnostic saying that the change to the deduction for seniors cannot be a negativ... read more
