My client sold two rental properties and the combination of sale turned into like $27k in loss. The entire loss is being deducted (through schedule 1) instead o... read more
Has anyone had problems with Tax Advisor not factoring in capital gains rate in estimating tax, thus subjecting return into AMT? My projection has a $21,000 AMT... read more
Client estimates CY 2025 TI of $521,00, of which $351,00 is LTCG ( $68,000 unrecaptured ). I inputted data into Tax Advisor correctly ( I believe ) and it came ... read more
How are one-person solo 401(k) plan employee and employer contributions reported on the tax return of a sole proprietor in ProConnect Tax? Where in Input Return... read more
I filed a 1120s return for a business located in Massachusetts. I have locked everywhere in ProConnect tax, and it wasn't an option to file a state return when ... read more
Does anyone know how to print the state letter only?For example, the AZ amended return can’t be e-filed. So, I need to send the paper copy to the client. The le... read more
I have a cureent year passiv loss on a publicly traded partnerhsip K-1. The clinet completely disposed of this interest in 2024. However, ProConnect is suspendi... read more
Why does the customer support leave a lot to be desired? I just waited over an hour after I was told it would be 2 minutes. Final gave up and called a friend.
Where in the software do I ensure that the Net Investment Tax is calculating properly for a 1041 complex trust?All income is distributed to the beneficiary, and... read more
1 - I have foreign earned income 189750 in 20242 - I paid foreign tax 379503 - My foreign earned income exclusion is 1265004 - My inclusion amount is 189750 - 1... read more
I am trying to get the trustee information entered correctly. The trustee is an individual, yet the above error is generating. Not sure how to clear / rectify i... read more
I am attempting to get the actual distributions to the beneficiary entered, and I believe the best way to do so is to override. The override does indeed work to... read more
