I have a client with two K-1s. One is for a dental practice (with income) and the other is for rental property (with a loss) that dental practice operates out o... read more
How does one show the loss from a prior year partial sale of PTP in the current year with a total sale of remaining interest in the current year? I remember it ... read more
I am asking this question for a good friend and colleague who also uses Pro Series. He has a client that received large payment from insurance company for a fir... read more
Has anyone's computer slowed down after exporting the tax-line mappings from Quickbooks to Proseries? When that happens to my computer, I close then re-open my ... read more
I was asked for my opinion but have little experience with this and would appreciate any thoughts:A 501 C8 sells their building in April 2023, but leases back h... read more
I NEED HELP WITH An ERROR IN PROSERIES 2023 IS ABOUT SECTION 179.THE ERROR IS TELLING ME THIS:YOU HAVE ELECTED SECTION 179 ON MULTIPLE ACTIVITIES OR HAVE A SECT... read more
We had a call from a brother of a client a few days ago. Here is the situation:His fiance took a full distribution of a ROTH IRA from Broker 1. The money was de... read more
"Tax preparation and financial software company Intuit announced an AI-focused reorganization plan Wednesday that includes laying off about 10% of its workforce... read more
My client had a law firm do their ERC 941X and paid them $81,000 to do it.What I find odd is they did not do it for Q3 2020 or Q4 2021What was filed was Q1 2020... read more