ProConnect Tax

How to enter more than 2 shareholders in Form 5472 Part II?

We are preparing Form 5472s for a company that has 3 non-US shareholders, with each 33% shares. In Part II Line 4 and Line 5 indicates "direct shareholders" and Line 6 indicates "indirect shareholders". We are unable to enter the 3rd shareholder into Line 6 since all the shareholders are direct shareholders.Is there a workaround for this on PTO other than manually adding a statement to list all the shareholders?Also, why do we need to enter all the shareholders' information again and again in the "Foreign owned corporation info"? It would be great if we could enter all shareholder info in one place so that PTO can generate Form 5472s using it.Thank you in advance for your help!

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hugoLevel 2

So, Intuit shut down purchases of 2021 returns on 12/31/2022, and took away any purchased but unused returns. Do I have to purchase 2022 returns to use for 2021? Or?

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MontvilleCPALevel 2

W-2 shows 3rd party sick pay. W-2 had FEDERAL wages and ZERO NJ wages, yet software INCLUDED 3rdPSP on NJ return. Can't find a way to override.

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miruscLevel 2

Does anyone know when Form 5471 is available on ProConnect? April 18 is getting closer.

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teamjjrbLevel 1

Avoid ALL CAPS?

hello

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OzzieLevel 2

How can I get a worksheet or statement of tax-exempt interest?

in 2021, there was a statement summarizing the details of t/e interest.  It is not present in 2022-1040.

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jteelnmLevel 2

I am using Pro-Connect I want to locate the Schedule C figure entered in line 9, I gone through my vehicle expenses and it doesn't add up to whats on line 9 Help

I would like to ask where do I locate the entries for Sched C line 9.  My figures that I entered do not match the totals on line 9 Help

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mattgutzLevel 4

How do you report a gift to a donor advised fund?

The gift is stock with a FMV of $65k.  This will go on Schedule A up the contribution limits.  Is it safe to assume it will also go on Form 8283 for noncsh contributions?  I also do not see the sale of stock on any 1099-B?This is my first go around with donor advised funds.  Any help is greatly appreciated!

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jecker817Level 3

I have a client who sold their home and had a $12, 500 taxable gain. The tax on federal is zero, but do they pay state tax on that?

the state is Kansas.  

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mjleecpaLevel 1

The below critical diagnostics stays forever. How can I get rid of it?Federal Form 8915F (2020) is final, but the instructions are still in draft.

critical diagnostics

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lindaturriaLevel 1

How do I get a California rental property income to show up on the California return of a non-resident? It is not showing up on Schedule CA as California income.

Ca rental of a non-resident (a NV resident) is not showing up on Schedule CA or as CA income.  Help?

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BabakLevel 5

Multiple State return only for one spouse

I have a client who got married in 2022. She lived first half of the year in NJ and second half in NY. Her husband lived the whole year in NY. How can I file a multiple state when one spouse only lived in one state without making them owe to a state when they should not? Thank you

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ana-barbaraLevel 2

How could I skip the critical diagnosis for Schedule K-3 for foreign partners without a SSN or ITIN?

Last year, we didn't need the SSN or ITIN for our foreign partners for reporting Schedule K-3. This year this is a critical diagnosis. How could we solve it?

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neel-sodha-knighLevel 2

"Taxpayer's name is being truncated in the e-file" - my taxpayer has only 9 characters in the "First Name & Initial" box. Why am I getting this warning?

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rugby1Level 3

540 ca showing subtraction of 6300 on line 13 is that correct

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trip0d123Level 2

Filed a protective extension but client ended up not having a filing requirement.

I was curious if you file an extension with the IRS and then end up not having a filing requirement and therefore do not file a return, will the IRS send a notice that a return needs to be filed?  I appreciate any wisdom on this topic, thanks! Eric

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toni2Level 1

Why is ProConnect so awful right now that it will not load tax returns or allow me to file returns that I have ALREADY PREPAID FOR?! And will NOT answer the phone!!

I have attempted to call their number a few times now and never have received an answer because I cannot get an actual person on the phone and have been disconnected or have ended the call because they will not connect me with anyone who can actually provide support.

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arrowaccountingcoLevel 2

Does anyone know when "Ohio CCA Form 120-16-IR" is going to be approved or added to ProConnect?

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sfs1221Level 1

Overwrite Credit Limit Worksheet A (8812)

Does anyone know how to override the calculations in this worksheet?  Thus far customer service has not.  It is preventing me from taking several credits I should be eligible for...

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neel-sodha-knighLevel 2

The last name field box on the 1040 is not populating from inputs on the Client Information tab. The last name shows in the First name box, thus the truncated error. Why?

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CowboyMomLevel 2

Is anyone having an issue with Form 8863 not populating when entering 1098-T info?

This taxpayer qualifies to take the LLC. I have entered the 1098-T info properly. ProConnect does not create a Form 8863, nor does it provide a diagnostic as to why.

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JJaretLevel 2

Changing due date for returns california storms

How do I change the due and payment dates of the returns for taxpayers provided relief due to California storms?

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hamida_surtiLevel 3

My client co owns property, in an LLC with outside co-owners. They received a 1099 for the entire rent received in the LLC's name and tax ID. what should they do?

The 1099 amount is only partially belongs to the LLC. I have put down the percentage the LLC owns, in form 8825. Is that enough to satisfy the IRS matching process? Do I need to do something more so that the entire burden of the rental income does not fall on the LLC? Please help?

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jtxtaxLevel 2

Does PTO allow you to store the FMV of a ROTH IRA?

Where/How does PTO allow you to store the FMV of a ROTH IRA

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catherinetaxsaviLevel 1

What should I do Code: IND-517-01

my return has been rejected

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