Prior year tax return information for a new client

Forum|Forum|5 years ago
February 22, 2021
8 replies
33 views

Do I need to enter any information for a new client from their prior years tax return? If so, where do I do this?

ProSeries Basic

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

Maybe, do they have any carryover information that would need to be input for 2020?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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lindadod0626

Level 3

Depending on the state you're in, sometimes you'll need the earlier return to calculate whether a state refund is taxable on the current return.

I wouldn't enter anything under, say, tax history; I'd prefer that my client be able to distinguish between preparers and only want the data I prepared on the tax history form.

J

josephfolsomcpa

Level 5

I normally enter the prior year for new clients so I can use the two year comparison. I enter the prior year data on the "two year comparision worksheet" It's also a good exercise to check for any carry overs from the prior year to the current year.

sjrcpa

Level 15

I always enter last year's AGI and tax for underpayment penalty computation purposes.

The more I know the more I don’t know.

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grandma1Author

Level 2

Where do I enter this information? What if they did not have any income in prior year, therefore, did not file a tax return?

Also, is anyone else having problems with the final review continually looping and never completing? I have had basic returns with just W-2's, returns with W-2 and 1099-NEC, returns with W-2 and 1099-R - everyone I have done is not completing the final review (and these are from prior year transfers)?

Just-Lisa-Now-

Intuit Community Champion

Ive seen reports of the looping issue when a 1099NEC has been entered, not sure why it does it, but thats been the culprit for many people.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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