Client has a negative income on their business. Their spouse has wages and distribution.The correct amounts are shown on the AGI schedule, but the negative inco... read more
I have married couple filing separate (due to income driven student loans), and they have 2 children. Each one claims a child on their return. However, Proserie... read more
Hello,Georgia (and many other states in the southeast) were granted an extension until May 1st for filing and payment of taxes due to Hurricane Helene. When I p... read more
I have a client who has had a farm for the last 4 years. There has been 4 consecutive Losses in a row. He still has cows that are not fully deprecated yet. Ther... read more
I have no problem with it. However, are there any potential problems down the road if they would need to be in contact with IRS or the state ?I live in a very "... read more
client is MFS does not know how husband filed. (as far a itemizing ) she has gambling in of excess $2million dollars, losses of less the $2 million with a small... read more
Client has a rental. It is a single family home, NOT a vacation home. It was rented all year. However, the worksheet is reducing deductions putting some of the... read more
Unable to find Form 3520 in the Basic Version.Do I have to use the Professional Version?Thank you.UPDATE: I just checked the Professional Version, and there is ... read more
Hi ProSeries Community, I have questions regarding grantor trust e-filing. When I use ProSeries Professional software to generate Schedule E for rental properti... read more
Hello,I have a client with a second home - rented 59 days and used 40 days so it qualifies as a vacation home.If I just put in the rental and personal use days ... read more
On the 1041, I am entering withholding from a 1099-R distribution from an inherited IRA that was made to the trust. The beneficiary of the trust will receive a ... read more
I have a taxpayer who was a victim of the January LA wildfires. Can he file his tax return now on 4/15/25 but pay his tax liability on the extended due date? Or... read more
The property was purchased in 2002 for $260,000.00. The wife passed away in 2021, and an appraisal of the property was requested on 06/24/2021. The property was... read more
