Filing status is MFJClient is 36 years old.Opened the Roth IRA in December 2020 and his contributions from that time to December 31, 2023, were $4,405.During 20... read more
I am not a frequent user of HSA and the related issues and read IRS Pub 969 reg HSA but could not find clear answers of the following points:Does contribution t... read more
Good evening, everyone.I have a client who had a traditional IRA distribution via 1099-R, and of the total box one and box two distribution, $7k was for a chari... read more
A client has a $300k promissory note for vacant land in NC - sellers are a married couple. There is no 1098. There only other mortgage is for their primary resi... read more
I have followed the instructions exactly when trying to e-mail my client's tax return to them. It shows that it has been e-mailed but nothing comes through an e... read more
New format this year from P.S..If I enter DE and add in entity name, then in DE section enter the member's name and SSN it comes out in an EIN format xx-xxxxxxx... read more
Have client that lives in OK but sold home in GA. I need to exclude the sale from OK income but allow the income for GA as client doesn't qualify for the federa... read more
I just received a 1099-S from a client and I am not sure how to enter in Proseries Professional.Can someone please provide me steps on how to enter the 1099-S a... read more
How to report grant received for medical school student? The income was reported on 1099G in the taxable grant box #6. It is my understanding that this program ... read more
Client received a 1099-R, code K7. IRA box checked, showing gross and taxable amount of 44,703. He never received any money as Global Capital LLC was determined... read more
