My client has a wife and 2 children who just emigrated to the US in July 2024. They got permanent residency status and social security numbers in July 2024. I w... read more
Form 8615 line 9 uses the Schedule D tax calculation worksheet to calculate the combined family tax using the parent's filing status. When you are under the $89... read more
Does Proseries not calculate my depreciation recapture amount? How do I enter the sale of a rental income property in Proseries so I can see thedepreciation rec... read more
I'm filing a 1040 that requires a form 8275 to be attached, however pro series professional does not appear to support that form. Anyone else have this issue?
I received a K-1 from LLC (1065) in line 2 as rental loss, I fulfilled all the requirements as a real estate professional I mean I spent 750 hours and more than... read more
ERC and amended returns were done.Tax year 2020Fed $0VA $0Tax year 2021Fed -$92,501State -$15,775Tax year 2022Fed -$10,618State -$1,744Tax year 2023Fed -$13,771... read more
Hello,My client received a K-1 with excess business interest expense (line 13 code K). I understand this is not provided for in the program. I am confused what ... read more
It is not final. At the top is a new line which states: For 2024, enter the amount reported to you on Form(s) 1099-K that was included in error or for personal ... read more
