ProSeries Tax

Musician client lives in an apartment.  He has his large recording studio in his apartment, and a separate room for music equipment storage only.  He is claiming the music studio, and storage room take up 75% of his apartment.  Any opinions on the large % claimed?  I don't want red flags popping up.  Thank you!

Getting an error message when entering cash contributions figure on a partnership return - indicates that I need to file an 8283 non cash contribution form - how do you correct this?

Hi,I'm seeking clarification on the depreciation of foreign residential rental property. I've encountered a discrepancy between what the program shows and what the help center states.According to the ProSeries:Federal (using ADS): Both regular tax and AMT use a 30-year recovery period on the program’s asset entry worksheet.California: The program's asset entry worksheet, when using the alternate method, shows a 40-year recovery period for regular tax and a 30-year recovery period for AMT. However, the program's tax help states, "The program sets the AMT recovery period to 40 years for residential rental estate or nonresidential estate."My questions are:Which information is correct: what the program displays or what the help center states?What is the definitive rule for depreciating foreign residential rental property for both federal and California taxes (regular and AMT)?Thank you in advance for your help!

I have a client who was advised by his attorney to put his children on the deed to his home with him having life use.  This is common here in NY State to prevent Medicaid from selling his home if he has to go in a nursing home in the future.  I have told my client if the home is sold while he is alive, they, the children, are part of the sale and have a tax responsibility.  Their attorney told them it is implied they will get FMV at the time of sale as FMV was "implied".Has anybody had a similar case?B. Tehan

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Logging into Link from ProSeries all my clients who used Link in 2023 appear.  I did not think that I had to re-invite a client if they used Link in the past, in order for the documents from 2023 to load into Link.  Do we need to re-invite a client in ProSeries in order for the 2023 documents to appear.  

Would anyone please recommend a good electronic appt. book for the tax office? Mac or Windows. Thank you

HelloI received a email stating that my address change was approved after uploading my EFIN application, however, it is not updating on the returns I print. How do I fix this? 

I have an existing client who became a S corporation for 2024. I input his information in Proseries and I am getting an error " Scorp name is ineligible for electronic filing. Run the Electronic filing review" Does anyone know how or where this function is?? Thanks in advance

This is in response to printing issued by n raynes.  After seven calls, Eric did call back and resolve the issue.  It should not take  several frustrating hours and seven calls to get this or any type of issue resolved.  Antionnete did try to help as well.  We hope that Intuit will see this post and take steps to improve problems like this so that other customers will not have similar issues like this.Having been a loyal Intuit customer since 1986, a response would be greatly appreciated. 

We had a client file get deleted on accident. We went to our file recovery software and downloaded it, but now the status showed as "Marked for EF" instead of "Accepted." Is there any way to force ProSeries to refresh and check the status?

I have a commercial rental real estate partnership filing a Form 1065.  Since it is rental property, the only activity is on Form 8825.  Client purchased an asset correctly classified as Qualified Improvement Property which qualifies for Sec. 179.  The program however will not carry this to the K-1, which also results in an error on Schedule M-1.  The program doesn't see any activity on Page 1 of Form 1065 (which there isn't any, nor would there be) so it doesn't deduct the Sec. 179.It is somewhat unusual but not out of the ordinary, so I feel the program should do the correct calculations.  I really don't want to perform all kinds of overrides, because then I also have to do the same on the two partners' basis schedules.Thanks,

When is CT form 1065 ready ? I completed federal 1065, though i chose CT 1065, program keeps opening NY partnership tax return. Thanks for your answer. 

Has anyone successfully prepared an AAR adjustment and Form 8082 in Proseries or do I have to manually prepare this return also? I can't believe how many calculations I've had to do myself this year and correct in Proseries 😞

Hi to all. IRS on 1120-S instruction says : When To FileGenerally, an S corporation must file Form 1120-S by the 15thday of the 3rd month after the end of its tax year. For calendaryear corporations, the due date is March 15, 2024. A corporation that has dissolved must generally file by the 15th day of the 3rd month after the date it dissolved. If an S- Corp has been dissolved on 08/01/2024 when should file its 1120-S? And if no stock has been sold or any exchange not happened just S-Corp closed should file form 966?And end date is the date of dissolved, am i right? Thanks for help!

I'm getting reject code R0000-004-01 on a couple of fiscal year 990s.  Program is updated.  Can somebody shed some light on this?Thanks very much in advance...Charlie 

I know first day of efiling business returns.. just checking if anyone efiled any business returns yet.. I like to keep things moving.. have 32 Form 8879s signed already but wanted to check if safe to transmit?

I am new to pro series but have been filing returns with the IRS for the past 3 years so my acceptance letter is over 12 months.  My application has been rejected and I don't know how to proceed because you don't have to have an EFIN acceptance from the IRS every year to file...correct or is it because I've changed from a different firm?  I can't seem to find a phone number to talk to support.

In past years when entering columns A, B, and C, on a 1095-A for January, and you wanted to input the same for Feb and March, all you had to do is to hit the little COPY check box by February, and it would copy whatever you filled for Jan, and then once February populated, you could hit the March copy box, and it would copy February, etc..That is not working this year.The only thing that is working, similar to last year, is that if you enter January, and want to keep the EXACT SAME NUMBERS FOR ALL 12 MONTHS, then you can hit the copy box next to January, and it would copy everything for all 12 months. But this is only good when all 12 months are exactly the same.Many times, people's 1095-A numbers change once or twice during the tax year, and therefore we need to have the copy feature fixed on a month the month basis as well.Please get it done asap. It's already a month late to fix it 

Two aspects to this issue/enhancement request:1) When on the W-2 Worksheet, Box 14 Description or Code on actual W-2 contains PFL (or variation like NY PFL), the box "Identification of Description or Code" does not auto fill with "Other deductible state or local tax". PFL is here to stay and should work like NY nonoccupational disability fund tax (i.e. NY SDI)2) When NY PFL description code transfers form prior year on the W-2 box 14, the Identification of Description or Code does NOT transfer over as the "Nonoccupational disability fund tax" description field does thankfully... 

I have the 2022 version of FAM, which is apparently the only one sold.  Am I right when I say this won't pull in asset data from the 2021 version of ProSeries?  It certainly doesn't seem to find it nor recognize that any Proseries data files are on my computer (I have five+ years' worth).Thanks in advance for your help. 

After installing 2024 ProSeries Professional, 990 is not showing as an option for type of return.  I have tried to update products, and it is there to check, but does not show in the drop down menu home base.Any suggestions?  Thank you

Is there a way of repositioning the double line in the EF Center view

When will the 2024 Proseries state business modules be available? The modules for the states that I file in other than NC are not installed. Most returns are for PA.   I did refresh updates.  Why do I have to search for this information?

I need assistant to install 2024 CA 100S tried several times to update & install and nothing. Any suggestion!     Appreciated!