I have a question regarding capital losses reported via K-1 from a passive investment.Last year's return includes passive losses from two separate investments (... read more
When i enter the sale of a home I'm not getting the $500,000 (MFJ) exclusion and it's showing a capital gains tax. here are the details:Home acquired: 1/6/16Hom... read more
I have applied overpayment of $900 CA tax to next year's tax of $800 so there is a refund of a $100 due. I've entered the bank information under "Direct Deposit... read more
I can't get the program from adding in former state in current year's Client Letter when I print. It does not show up when I go to "Check Return." Printed lette... read more
Taxpayer bought a truck for $80,000,got a $4,000 incentive credit and dealer redeemed EV credit of $7,500 . Is the basis for section 179, $80,000, $76,000 or $ ... read more
Client sold DC property in 2024. 2024 Rental income and Expenses flowing through. Capital Gain flowing through. Prior year passive losses are released on 1040 b... read more
First year preparing client's return. Last year's CPA has "HTKO" on the form 1116 and an amount. Moved from passive into general income on the foreign tax credi... read more
Using Pro-Connect. Anyone know how to resolve?The paid preparer, firm telephone number, and the PTIN-FEIN field must all be entered for electronically filed ret... read more
how to fix the error code belowForm 8962: Household income on line 3 must equal the total of line 2a, Modified AGI, and 2b, dependents' modified AGI, for efile ... read more
Completing an AZ 1040 for a taxpayer, Single, Age 65+, who also has a social security benefits worksheet on the Fed return.The premiums paid on that return are ... read more
On the input for noncash contributions, under description of donated property there doesn't seem to be additional lines for input. However, the actual form allo... read more
