I have no charitable contributions entered for federal or state but I am still getting $60 in the Line 11 Box of my California form 100S. I've gone back to the ... read more
8825 has always shown all expenses then reduce by 50% as it should.The 4797 does not follow the same logic, if you enter total sales price it flows unchanged to... read more
Qualified nonrecourse debt shown on a K-1 gives the partner at-risk basis, even though the partner is not personally liable for this debt. Because this debt giv... read more
From what I can tell, ProConnect is not doing a good job calculating AMT depreciation.For AMT, you have to use ADS. If the life is 10 years or less, you can use... read more
Personal returns have one DIV screen to enter all 1099-DIV fields that will flow correctly through the tax return. I'm not seeing the same type of input in a 10... read more
A new client has an LLC S corp with three short term vacation rental properties (he subleases the properties from the property owners and then rents them out as... read more
Two individuals contributed money into an LLC and then put all of that money into another LLC that is building apartment buildings. In the first LLC, there's no... read more
I am entering a 1031 exchange for individual, the FMV of new asset is less than the asset sold.I have entered the disposition on the asset (depreciation) screen... read more
