- You make quarterly estimated payments and elect to make the last payment paid on 12/31 (no other choice).- Next year you treat the estimated payments as paid ... read more
In form 1065 for 2024, schedule L is not picking up the balance sheet information and all columns are left blank, unlike in my previous years returns that had a... read more
I hope someone can assist with an issue I'm having completing an 1120-s:The company has right-of-use lease assets for vehicles and despite entering the informat... read more
If taxpayer sold a rental ( 27.5 sl ), with land ( 0 ) and improvements (5 ddb,) can this be inputted as a bulk sale or should it be inputted separately?
If I missed"electronic payment of estimated tax" in the original return, can I file it separately? In amended return for example? It should be a separate filing... read more
taxpayer is on F-1 student visa all of 2024 and did stay in US for previous 2 years on said F-1 in two previous years . But filed EB-5 application and also conc... read more
How do I make the designee pin show on Utah form TC-40. The instructions say to edit the preparer in settings which I did but it still doesn't populate it to th... read more
According to IRS Publication 970 (2024), page 20:IF you...don't claim on your tax return a dependent who is an eligible student (even if entitled to claim the d... read more
When you enter a 1031 "like-exchange" in ProConnect, and use the standard (not simplified) method to continue the depreciation of the old property basis, it cre... read more
New client has rental property that was sold this year. I entered building, land, improvements separately in Input / Deductions / Depreciation. In Details, I pu... read more
Hello Community!My client is in the uniformed services originally from Oregon and plans to go back to Oregon after his assignment is over.He is currently living... read more
