My fixed assets and depreciation are being double counted on the ending balance of my balance sheet, but the beginning balances are correct. Does anyone know wh... read more
Hi all! I have a client who is claiming a parent as a dependent, and the parent meets all criteria to be eligible for the ODC. The new "and in the US" box remai... 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 deceased tax payer died 07/25/2025. I need 1040 and 1041. Do I enter on 1040 all 1099-INT and 1099-DIV up to date of death and on 1041 all info after d... read more
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
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
Client says that his 1099R is a backdoor Roth:Gross Distribution $7000Taxable $70002b Taxable Amount not Determined XDistribution Code 2IRA/SEP/Simple XShouldn'... 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'm filing a 2024 Amended Federal return and am trying to attach a PDF with documents and calculations supporting the 1040-X explanation. I can't find the 1040-... 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
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
