I have linked multiple Sch E worksheets to a QBI Component aggregate business for the past years without any difficulty, but I can't get it to work for 2025. Wh... read more
Several clients have received NYS Account Adjustment Notice stating there is a tax computation error. I checked for ProSeries updates, opened a new client, ente... read more
Client sold a rental house that had been nearly fully depreciated. Unrecaptured Section 1250 Gain = $57,365. Long term gain $236,919. Virginia added a conformit... read more
TP HAS A BASIS IN NON TAXABLE FROM 2024 OF 89937. IN 2025 HE CONVERTED 85341 FROM TRADITIONAL IRA TO A ROTH IRA AND 1562 IS TAX FREE. ONLY 83779 SHOULD BE TAXAB... read more
I efiled a Trust Return (Federal and NYS) the other day, my first for this tax season. It is still stating "Received by Intuit". By now it should be at least sa... read more
A 14 years old child who lived with her dad all her life. Mom wasn't in the picture. Last year dad was dying he asked a friend to take care of his child. Then h... read more
