ITA says that selling $5,000 of stock in 2025 results in a tax savings in 2025 of $250. The taxpayer is in the 15% capital gain bracket. How do they get this? N... read more
Hi Lacerte Support / Tax SDK Team,I’m using the Lacerte Tax SDK ODBC driver to read and update return data. My connection works fine for SELECT, and I can UPDAT... read more
How are capital expenditures handled on 1120-H tax returns? Are they expensed when paid, depreciated or another way? For example: A new roof for a condominium i... read more
I have a potential new client who has filed at least 3 years with the accrual box marked on Form 1120-S but accrual to cash adjustments were made and the 3 year... read more
Since yesterday night, lacerte connection is very poor and getting the errors. Office internet checked and working fine. Are there anyone facing the same proble... read more
I am getting a warning pop up box:"An EF transmission is currently being processed. You may cancel it or wait for it to complete."I cannot move between modules,... read more
My client has earned income that qualifies for the Foreign Earned income exclusion. The total for each spouse is 100% covered on the limit. Additionally, one sp... read more
I determined today after trial and error and manual calculation that the Lacerte Planning Software is using the 2024 Thresholds for phase out of QBI, at least f... read more
I am not a fan of Intuit since it is a monopoly - I want to make that clear.However, Patrice was excellent and extremely HELPFUL, which more often than not is n... read more
I have a 1041 K-1, 1065 K-1 and a 1120-S K-1 for an Individual 1040 Tax Return, but it won't let me import it directly. Based on other sources, it appears I hav... read more
The 2025 return requires us to answer if a dependent is a full time student or not. It would be helpful if that box was in the Organizer with the dependent info... read more
