I have NOL 2014 of $34,921 and 2015 NOL of $24,656.  NOI for 2020 is $46,783  80% of that would only be $37,426 yet PTO is calculating a carryforward of the full $46,783.

The client doesn't know if he received the amounts he should have.  Thanks so much for your help!!

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I have a K-1 that shows 100 of long-term capital gains on line 9a, and the supplemental info says 15 of those 100 are eligible for Sec 1202 exclusion. I believe the correct presentation is that line 12 of Schedule D shows 100 (the full amount of capital gains reported on line 9a of the K-1), and there is an entry on Form 8949 Box F/line 10 of Schedule D that shows zeroes in columns (d) and (e), "Q" in column (f), and -15 in columns (g) and (h).  I cannot find a way to accomplish that result because ProConnect does not allow the entry with zeroes in columns (d) and (e) or -15 in column (h).  The best I can do is back out the 15 and report only the net 85 in the K-1 screen (so that it populates 85 in line 12 of Schedule D), and then create an entry under "Dispositions" that shows proceeds of 15 in column (d), "Q" in column (f), -15 in column (g), and zero in column (h).  It is a "nothing" entry in that it nets to zero, but perhaps it gives a clue to the IRS as to why

I have entered the home and office sq footage but I still need to adjust this as she was in business for only 3 months but do not see where to do this adjustment in Proconnect, please help

I thought there was a time frame after the year-end, where the required unitrust distribution could be made and not show up as a liability on the balance sheet...    Of course, now I can't find info on that.Thanks~  

Interest income from 1065 K-1 Line 5 not flowing to Sch B in 1040, but appears on K-1 worksheet

Client converted to PTO.  Where is the input field for line 2 (Qualified business net (loss) carryforward from prior years) on Schedule C of Form 8995-A

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Client received a combined 1099-DIV, 1099-INT, and 1099-B on their SEP IRA account  -  all stock is in the SEP IRA - they are still just contributing to it and nothing has been withdrawn.#1 - why did they even receive the 1099's? they are not large amounts but I thought it was not taxed until withdrawn -   1099-DIV      Line 1a 907.84;  Line 1b  520.89;  Line2a 278.73    1099-INT  21.421099-B    Box D Total  1985.89#2 - If they are not taxable -**Does the Wealth Management need to file corrected 1099's to show zero?++Or how do you enter these amounts and where - so you do not get a letter of not reporting from the IRS or they show as taxable?Thank you  

I'm planning on switching from ProSeries to ProConnect next year.I'm "practicing" on a few of my last minute clients.One of them has some RSU sales from a well-known local internet company.I cannot, for the life of me, figure out where to input the transactions like I used to be able to on ProSeries.Where's the screen where I'd put in the RSU or the ESOP stuff?

My client files MFS in a community property state. The income is split between each person but the SE tax does not get allocated and is only associated with the person whose business it is. When splitting the income, the SE calculation is auto completed. How can the amounts be overridden for the return that is not liable? Income was entered as Schedule C for both returns.

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Can an accidentally deleted return be recovered?

I am preparing a final 1040 for a deceased taxpayer.  One of the diagnostics was to enter the 'personal representative' name, address and ssn which I did.  Now the address of the taxpayer on the 1040-SR has the taxpayer name, then in the first address line it is including the personal rep name and address. If I remove the date of death, the address reverts to the taxpayer address.  Is commingling the personal rep name and address required to file the return?  It makes sense the IRS would need to communicate with the personal rep at their address and this is how it could be accomplished.  I tried to find a support reference, but not having any luck.Also, will this cause an e-file error?Thank you for your help!

Assoc assets are calc'd for col e - but no info on asset itself, not even dates in service or sold let alone gross sales.

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If a home office was used for only part of the year is there a way to prorate the 8829 expenses automatically, or do they have to be calculated manually? TIA.

If I enter the credit as an override I am required to file a paper return.  If I can somehow not override, I think I can attach as a pdf to the electronic filing.  Any help would be greatly appreciated!!

I entered a pass through K-1 from a partnership that my S corp invests in. It shows up as "other income" on the income statement of my S corp return but it throws off the balance sheet/Retained Earning. Does anyone know how to fix this? Do I need to enter it as a investment in Sub in the assets section? Thanks in advance for your help!

Hello, I am trying to complete a 1040 that includes Form 5471. I have taken the company's UK P&L and Balance Sheet - and converted them using the year end rate in excel, and input the USD amounts on the Schedule C & F tab.Under Translation - I have put 2 for Year End Rate. I have also tried leaving blank, since I entered it in USD already. No matter what I do, these schedules won't populate. How do I fix this?