What is the process for entering multiple properties into Schedule E worksheets where the taxpayer receives an S Corp K-1 where the S Corp owns multiple propert... read more
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
