The usual capital loss carryover fields only provide the prior 5 tax years (which is correct). Foreign expropriation capital losses can be carried forward 10 ye... read more
I just e-filed a 040. Then I noticed that I forgot to enter a short-term loss carryforward on Schedule D.Is it too late to stop Intuit from transmitting this to... read more
I am looking for Form 4868 on an extension that was timely filed. I show the proof of filing, so I know it was filed but the actual Form 4868 is not available t... read more
My QBO tax prep shows the same amounts as my P&L and BS but the total deductions on 1120S line 21 are $300 less than they should be. The only nondeductible expe... read more
I have two new individual tax clients who are also S Corp shareholders. They have acquisition interest on prior year returns which has been reported on Schedule... read more
I am concerned about filing my client's return with so high COG compared to income. Is it wise to make a statement explaining the timing for prepayment of const... read more
Hi all,As stated in the question, it seems that I can't choose a 2024 tax year return in Proconnect. Obviously, Proconnect believes that we're still in the 2023... read more
I am entering sale of vacation home in Proconnect. VH was used for short-term rentals and for personal use over the years. The whole sale price is assigned by t... read more
HiThis is my first time doing (S'CORP - 1065).I am filing a tax for 2021 initial business taxes, howvere, I am a bit confused as to which number they are asking... read more
How do you change basis of depreciable assets? My survivor is the spouse who was also a partner. Looks like all assets will have to be "sold" as of date of deat... read more
Client K is divorced with two dependents, but can take only one alternating each year. For this year, she can take Dep. L; next year will be Dep. C,etc,etc.Prob... read more
Diagnostic saysThe program is currently calculating 0% apportionment for one of the Ohio cities listed on this return. OH - Ref #2007916. I need to change the a... read more