Client over-contributed Roth 401k and Roth IRA in 2023 . He withdrew them before filing 2023 tax returns. In 2024, he received 2 form1099-R with code "8J" and "... read more
Form 1065 M-2 line 3 smart worksheet is taking M-1 line 9 (taxable income) then deducting nondeductible expenses to get "tax basis" net income (which is really ... read more
Married couple, taxpayer lives in WV, spouse lives in PA (see each other on weekends). MFJ for fed, separate for states. Spouse has significant cap gains, divid... read more
EFIN requires a physical address, but we do not receive mail at that address. Now my invoices are showing my physical address after my EFIN was compromised and ... read more
Excess Deductions on Termination - Non-Miscellaneous Itemized Deductions for interest portion. Prior to 2018 they were claimed by beneficiary as a "2% Miscella... read more
I use lacerte and in preparing a 1040 for a decedent added a new farm equipt asset purchased just days before death. To stop depreciation on this and all farm a... read more
Taxpayer did not get earned income credit although otherwise qualified. Taxpayer had w-2 form with 12,000 wages. Taxpayer 's date of birth was 1-1-2000. Why?
Client works on a small farm and received a W2 with the Household Employee box checked. Efile was rejected due to non-matching employer EIN numbers. Turns out i... read more
Hi EveryoneOk I have an issue don't know if this is a conceptual issue or a lacerte program issue. Client has paid State quarterly estimated taxes in 2024. Esti... read more
Need some help from any of the MA Lacerte CPAsI cannot get the software to recognize the MA withholding number from the W2.What am I missing here?I have a WTH-x... read more