ProConnect Tax

artandanimalLevel 2

Filing 1040 and state (WI), however may want to file WI first, then 1040, can I do that within ProConnect?

tax year is 2019, may file WI return first, to set up installment agreement before filing 2019 1040

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akryman26Level 2

How can I download form NYC222 from Proconnect?

I have to upload a NYC222 form but I don't know ho to down load it from Proconnnect

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laura45kenLevel 1

Can I get a return back from Intuit before it is accepted by the IRS? One of my totals added an extra 8 to it.

On form 8962

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bellerodLevel 2

On Form 1120, Schedule K - Line 13..."enter the total amount of cash distributions" it's defaulting to "None", how do I manually updated? Where is it on the Input Return?

I have selected "Yes," total receipts

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albertsalemLevel 1

Is there a way to change the Federal ID number on a 990 filing after I have updated it in the client profile?

No text available

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MBooks-TaxLevel 3

Efiled tax return rejected fro missing 1095A - does it need to be amended in order to add the 109*5A information?

Efiled tax return rejected fro missing 1095A - does it need to be amended in order to add the 1095A information

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AnmarieALevel 5

Where do you account for Excess SEP Contributions in Proconnect?

The Employer contributed $625.00 in excess SEP Contributions in 2021 which the max is  25% of W2 wages.  Can the excess be used to reduce the 2022 contribution or does it need to be reported in the personal return. The Company return will only deduct the amount allowed and the excess should not be deducted. Since the amount is minor how can the error be corrected?

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duranyvonne@yahoLevel 1

IF all I filed was an extension, why is Pro-Connect saying I have to file a 1040-X, no original return was filed?

No text available

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sharon-olympiaglLevel 2

I entered items for depreciation but its not transferring the total assets on the balance under "Buildgs and other depr assets" What am I not clicking?

I did make sure that I on scroll down menu I put 1120S

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mepayne59Level 1

How do you designate a trust that is partially "simple" and partially "grantor" (because of holding C-corp and is a QSST?

The trust owns C-Corp stock and is making a QSST election.  Therefore, part of the trust is reporting as a "grantor trust" for the S-Corp activity.  It also holds partnership interest and is required to distribute all income, therefore is also a "simple" trust.  Is there a way to get both boxes checked on page 1 of the 1041, and then just have a footnote on the K-1 for the QSST activity?

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val-weight1Level 2

Can I remove portfolio income from a 1065 multi-state allocation?

Partnership is domiciled in Utah and has portfolio income with the exception of Arizona rental income passed through from a Limited Partnership.

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muzna@nimali3.coLevel 2

Why am I not able to use the entire NOL Net Operating Loss Carryover from previous several years? It uses only 80%, but I have over 2.5M NOL carryover since 2015.

It only reduced current income by 80% by using NOL carryover, rather than the entire 100%.

351

taxpreppLevel 3

Sale of Vacation/Short-Term Rental

I have clients who sold their Vacation/Short-Term Rental after 20 years of ownership. This is their first year with me. So I am using numbers from a Form 4562 Depreciation and Amortization Report and a Carryforward to 2021 Smart Worksheet for Schedule E from previous tax preparer. On this Carryforward to 2021 Smart Worksheet there are numbers for Regular Tax & AMT for L Vacation home operating expenses as well as for M Vacation home depreciation. In PTO you enter them on (I believe) the Schedule E tab for Personal Use of Property under Carryover. The rental property had a loss for 2021 for the time that it was rented before being sold. And there is a profit for the sale of the rental property.When I review the tax return, the Vacation home operating expenses C/O is showing on a PTO prepared Statements as a positive number and then as a negative number for Disallowed Vac. Home Exp. All for Schedule E Line 19 Other Expenses. So it is zeroed out. Correct? Or is there another

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thomas_nye-intuiLevel 1

Amended an NC state return that now has a refund for 2021 . I put all the refund as applied to 2022 return on amended return but it wont go in line 29, still says refund

How do I fix this so its applied to 2022 return?

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comm-mgmt-gmail-Level 1

How do I file for Homeowners Associations (Form 1120-H) ?

First time using this software. I have two clients that need to file 1120H. I tred to set Business code 813990 but that is not an option in drop down.

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michaelfLevel 3

How do I securely send old returns to a client who has lost their returns?

No text available

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KTDSTLevel 2

ProConnect Prices

I have been a ProConnect user since 2019. I did close to 100 returns this year. I got the renewal invoice at $60.95 per return. Without any breakdown by volume.. Flat price. When you go to the main ProConnect page it shows the following prices. Am I being punished for being an existing customer?!

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freshy70Level 4

Distributions in excess of M-2 Accounts

I am preparing a first year 1120S and the owner took distributions. I get this message "The amount of distributions entered on Schedule K, line 16d is greater than the total net balance available for distribution in all of the Schedule M-2 accounts by $71,594. This amount of excess distributions has reduced the ending balance of Retained Earnings on Schedule L, line 24." and it is a critical diagnostic. So what am I supposed to do? There does not seem to be any way to correct the diagnostic.

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gmoney2767Level 2

How do I amend an Arizona tax return? From the Profile Screen, I don't see a place to be able to amend an Arizona 140PY?

No text available

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CTASLevel 3

Does anyone know how to create a tax plan in PTO using the 2021 tax return as the base year? PTO is only allowing 2020 as the base year?? I'm trying to project 2022.

No text available

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tccpg289Level 5

1065 - Entering a Real Estate Business as Short-Term

A taxpayer has a 1065 in which they hold real estate and generate rental income.The rental income is short-term in nature, thus they do not need to classify it as a passive activity when incurring losses.https://www.hurdlr.com/deductions/airbnb-income-tax#:~:text=Passive%20involvement%20occurs%20when%20you,would%20be%20considered%20passively%20involved.Regarding where to enter in ProConnect:Are the buildings depreciated on a 27.5-year useful life?How is the land portion of the building stripped out?Where on the 1065 would it be indicated that this is "NOT" a passive activity?

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skyworksLevel 5

miss form 5471 for two tax years 2019-2020

Hi,I have a client, the form 5471 were properly filed before 2019, but was missed on 2019 and 2020 returns.Now 2021 is on extension, any suggestion on how to fix the missed two years? The foreign companies they own did not  have much net profit. Thanks!   

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laval650Level 4

I have a partnership K-1 with Box 13 Code W Business Interest Expense; where in the K-1 input for 1040 can I enter it?

No text available

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COXEAGLELevel 1

As a ProSeries user I could enter a IRS Form 706 for Decedents but in ProConnect I cannot find the form anyone know if its available?

At issue is making a Portability Election on Form 706.

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shuman-taxesllc-Level 1

Can I efile a US citizen wants to elect a non-resident alien to be treated as a resident alien? What are the steps? the non-resident alien has a SSN.

The US citizen is married to her spouse who is a non resident alien in 2021. The non-resident alien entered USA 2022 and has SSN. Am I able to efile and elect to treat the non resident alien as a resident? Where can I do this on the software? If the non resident alien has some income from abroad, how to report this income on the software?

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