taxpayer is on F-1 student visa all of 2024 and did stay in US for previous 2 years on said F-1 in two previous years . But filed EB-5 application and also conc... read more
How do I make the designee pin show on Utah form TC-40. The instructions say to edit the preparer in settings which I did but it still doesn't populate it to th... read more
According to IRS Publication 970 (2024), page 20:IF you...don't claim on your tax return a dependent who is an eligible student (even if entitled to claim the d... read more
When you enter a 1031 "like-exchange" in ProConnect, and use the standard (not simplified) method to continue the depreciation of the old property basis, it cre... read more
New client has rental property that was sold this year. I entered building, land, improvements separately in Input / Deductions / Depreciation. In Details, I pu... read more
Hello Community!My client is in the uniformed services originally from Oregon and plans to go back to Oregon after his assignment is over.He is currently living... read more
Taxpayer's income is IRA RMD and Social Security. RMD has Fed and State withholdings. In March, He sold rental property and realized a gain of $340,000.Factorin... read more
Client rented his personal residence for 10 days to an outside company. They gave him a 1099 indicating it was rent. I was going to list that under Schedule E, ... read more
Is anyone having issues with payments to IRS on tax return taking a long time to be withdrawn from the client's bank account? I have accepted 1040s and 1041s wi... read more
Taxpayer wants to avoid being taxed on part of the gain on sale of personal residence. He wants to not take depreciation on business part of home. My understand... read more
Taxpayer was self employed first half of the year. Second half he was both self employed and employed working from home. Can he take a business use of home for ... read more
Anyone have any good custom strategies that they've added to Intuit Tax Advisor? Playing around with the program some more to get used to it, little clunky to w... read more
I filed a return with the option to direct debit estimated taxes. The filing date was 4/16, but the estimate date is 4/15. Does anybody know if the IRS and/or s... read more
Please give us the ability to send efile confirmation directly from the tax software. It's like getting a mint along with your bill for dinner. Nice gesture, sh... read more
Amending a client's 2021 tax return within the amendment deadline, but the e-file season was closed, and the submission failed. Then I found the 2 year e-file d... read more
