Client's home was valued at $1.1million when it burned down.Bought home 17 years ago for $450K.She sold the lot for $500k and received $600K from the insurance ... read more
How do I input in Proconnect that the dependent is not in the US? I have put in a foreign address for the parents, but the new dependent part of the first page ... read more
I am disposing of assets for a rental. I need to do this so I can add them again for a joint venture. The assets disposed of are still being included in the dep... read more
I have a college aged taxpayer who moved with her family from PA to NJ on 4/30/25. She had no income during the first 4 months of the year. After moving to NJ s... read more
Trying to enter a backdoor roth, it is not coming through as taxable in the software, but the 8606 seems incorrect.I would expect line 8 to populate. I have the... read more
Publication 225 says we can claim 75% use of farm car or light truck as business use without any allocation records and can use either standard mileage rate or ... read more
I cannot change an amount in 2026 Baseline embedded from 2025 tax return. There was rental property sold in 2025 and I am trying to zero out for 2026, but amoun... read more
Please advise if I can efile CPP-1 for Illinois Department of Revenue Installment Payment Plan Request Form with Proconnect Tax/if yes how to find it? (or just ... read more
A client received a K-1 from a real estate partnership LLC that has a CA address. This client is a resident of FL and has no other connection to CA.The K-1 stat... read more
I know that this has been asked before, but I have seen two different answers. Some say that you need to run the amount through Schedule C and treat it as self-... read more
This was the original answer back in August 04 202112:53 PMFor efiling, just keep copies pf the signed 8879 in your file and efile. No upload needed.For paper ... read more
I am working on a NJ Form 1041 return. Line 18 - Exemptions is supposed to be populated with $1,000. I am not seeing this on my return. Any one knows how to tro... read more
I have a married filing jointly in North Carolina where the taxpayer was a part-year resident and the spouse was a full-year resident. I can't seem to find a wa... read more
