Have completed 4684 worksheet showing casualty loss related to passive activity. The passive activity is residential real estate reported on Schedule E. The los... read more
I have a client who passed away between filing the extension and attempting to file the tax return (10/4/25). Arizona Form 131 is giving me an error which says ... read more
Client died in 2024. 1099-B shows social security number on 1099-B. Amounts need to reported on Trust return not individual return. How do I show on individual ... read more
2024 Form 8606TP made a nondeductible IRA contribution of $ 7,000 in 2024 and converted the same $ 7,000 into a Roth IRA in 2024.F 8606 Line 1 $7000, Line 2 0, ... read more
Hi,I'm having an issue with the passive general business credit not be applied correctly to a 2024 individual return. The individual had apassive general busine... read more
Hello! I have a client who died 10/31/2023 who had a house and two investment accounts in a revocable trust. There have been several legal issues so the first r... read more
Attorney received a 2024 1099-MISC for settlement proceeds not received until 2025.TP reports business on Schedule C. I usually report the 1099-MISC in gross re... read more
I have a client that is a bondsman. A customer of theirs signed over a house and land for their bond. My client sold the house and land for nonpayment on bond. ... read more
Has anyone done a late S-Corp election in order to supersede a more recent S-Corp election?New client to me (small construction business - Sched C) always self ... read more
Dear ProSeries, Following are several issues related to ProSeries for the year 2024. I had many of the same issues for the year 2023, but I thought they would b... read more
The client has $60,000 in wages, all of which are excluded under the Foreign Earned Income Exclusion on the 2024 return. The passive activity loss carryover fro... read more
I have a client that started an S Corporation in NC on 2/14/2025. We filed a form 2553 dated 2/28/2024 for an S corporation election. Do I need to file an 1120 ... read more
