I have no problem with it. However, are there any potential problems down the road if they would need to be in contact with IRS or the state ?I live in a very "... read more
client is MFS does not know how husband filed. (as far a itemizing ) she has gambling in of excess $2million dollars, losses of less the $2 million with a small... read more
Client has a rental. It is a single family home, NOT a vacation home. It was rented all year. However, the worksheet is reducing deductions putting some of the... read more
Unable to find Form 3520 in the Basic Version.Do I have to use the Professional Version?Thank you.UPDATE: I just checked the Professional Version, and there is ... read more
Hi ProSeries Community, I have questions regarding grantor trust e-filing. When I use ProSeries Professional software to generate Schedule E for rental properti... read more
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
