Hello,I have a client with a second home - rented 59 days and used 40 days so it qualifies as a vacation home.If I just put in the rental and personal use days ... read more
On the 1041, I am entering withholding from a 1099-R distribution from an inherited IRA that was made to the trust. The beneficiary of the trust will receive a ... read more
I have a taxpayer who was a victim of the January LA wildfires. Can he file his tax return now on 4/15/25 but pay his tax liability on the extended due date? Or... read more
The property was purchased in 2002 for $260,000.00. The wife passed away in 2021, and an appraisal of the property was requested on 06/24/2021. The property was... read more
Taxpayer is MFJ and has several real estate properties, some of which are active and others passive.The software is netting them together regardless, and allowi... read more
I have a carryforward from 2022 to 2023 on Part III, line 4h. It shows as a carryforward to 2023 and the corporation has a small tax liability to which I could ... read more
I've got a client with a K-1 from Georgia. On the federal return I marked them as a nonresident and allocated the income to Georgia. But on the GA return, Sched... read more
Client has been in the military. His state of residence has been officially Ohio for the military. In actuality, he lives in Idaho. In the past, he was statione... read more
I have a new client that I'm trying to determine the taxability of her non-military federal retirement income on a CSA 1099R.She has an NC state retirement that... read more
I sent a question about canadian income and tax. Got a response but can't log in to answer. The wife said the income is included in the W2 but the Canadian tax ... read more
Have someone who has W2 from Lulemon for wages of $106,337 and tax withheld of 9985.Also has a T-4 from them showing income of 61828 and Canadian tax withheld o... read more
I have a client who had Marketplace Coverage and received Advance PTCevery month of 2024. She got a job, became eligible for and received health insurance cover... read more
Client return has savings bond interest entered on Federal Schedule B, so when I go into the NY return, line 28 on IT-201 page 2 is auto-filled with the savings... read more
Hi ,A Real estate partnership invested in other partnerships and received K-1 from them. Where do i enter those K-1 info in 1065 form. Since they invested money... read more
Well, I am back.Background:New client as previous CPA retired. It would appear that the prior CPA used Lacerte given what I know about the CPA and how the PY re... read more
