Need to file Form 114 electronically, but cannot file Form 1040 electronically due to zero total income, AGI and tax. So I cannot check the 1040 electronic box.
Hi all! This is driving me insane. I am preparing a 2024 partnership return for a client with a 754 election and 743(b) basis adjustment. I cannot for the life ... read more
I am getting an error message saying my ownership percentage does not equal 100....everything looks fine on the screen, but when I download a .csv one partner s... read more
Hello,I am preparing a Form 7203 as part of an individual tax return. The taxpayer received a Schedule K-1 from an S corporation, and I want to confirm whether ... read more
How do you get the system to limit a rental loss on a vacation home that is considered a residence? Income less expenses including deprecation results in a net ... read more
Hello everyone,I’m preparing an individual tax return using ProConnect, and I noticed that the software is generating two pages related to the Qualified Busines... read more
I have an S corp client that elected into the NYS PTET and made payments in 2024, but owed more when we filed their annual PTET return. They paid $10,000 in 202... read more
My client paid 23615 to France for income that he earned in FranceHow do I take credit ( and where do I put it in the input sheet ) in the US for those taxes pa... read more
Hello Professionals,I have a client who is a full year VA resident and received a 1065 K-1. Federal K-1 is at loss, MD K-1 had a big addition, so that MD state ... read more
Hello,I have a question about how to properly enter the state Form K-1, specifically Line 1 (Total Taxable Income Amount), in ProConnect.Here is some background... read more
The client had casualty losses on a rental property. Property was uninsured. When entering the casualty loss through the depreciation screen the loss properly f... read more
Dear Community.I am trying to set up my clients with a payment plan with the IRS.What is the best approach? I am using Proconnect Tax.1- File 2024 Tax Return an... read more
Hi professionals,I have a question about a client who lived in VA all year and received multiple K-1s including a MD 1065 K-1 with net MD income (federal net lo... read more
