My client is a foreign student with treaty exemption. her W-2 box1 shows an income but no income tax withheld. In preparing her 1040-NR, I entered W-2 box 1 amo... read more
I have a client that sold her house in 2024. She can take the exclusion of $250,000 but ProConnect does not show a worksheet.Can someone help me to entry the co... read more
Hello CommunityMy client sold his rental property in 2024.I have calculated his adjusted cost basis including the depreciation taken and not taken but allowed t... read more
Hi Community,Have the 1099R for Back Door Roth (Conversions to Roth) changed?This 1099RBox 1 has DistributionBox 2a has a TAXABLE AMOUNT equity to Box 1Box 2b s... read more
Anyone know how to actually report this?In:https://www.irs.gov/pub/irs-drop/n-05-08.pdfI am seeing these do not count as deductible expenses of the partnership ... read more
Hi all, I'm new to ProConnect (previously used Thomson Reuters Ultra Tax). On that software we entered a basis for every type of retirement account I can think ... read more
Hi-I have a client; non-resident of ND and has a K1 with loss from ND. The amount is not flowing down to the ND return and not sure why. I have another client w... read more
Capital Gains Tax Computation: $808 of the taxable qualified dividends or capital gain on this return is subject to the 0% capital gains tax rate. This amount i... read more
I am expensing a roof repair under the Small Taxpayer Safe Harbor election. (Section 1.263(a)-3(h) Safe Harbor Election for Small Taxpayers)I am supposed to att... read more
I entered the AZ capital gains after 12/31/2011 on the Income Dividends Details page, but it is not showing up on Line 23 unless I double the number. And if I e... read more
I have a tax client that is a full-time medical school student. His family lives off student loans. His wife does not work and stays home with their 2 young chi... read more
Hello -I have a musician client who I need to amortize video and recording costs for.Under theSection 167(g)(7) safe harbor election - they can amortize 50% of ... read more
Hello Community!The clients filed MFS last year. We do not have the wife's prior year state return or know prior year state tax liability.We are preparing their... read more
HOW TO CHOOSE SUPPORTING STATEMENT THAT PROVIDES DETAILS OF AN EXPENSE.FOR A SPECIFIC EXAMPLE - WAGES - WE WANT A STATEMENT THAT DETAILS THE W2 WAGES EARNED FOR... read more
