Virginia resident has a K-1 from a partnership. His K-1 shows he received rental income of $38,546 from a NC property. His federal AGI was $376,338. I entered t... read more
Hello,I can't get ProSeries to produce a Form 114 without an error on line 15 "maximum value of account during calendar year" when I put $0.I get it, since clie... read more
Hello - I have a client who is an S Corporation. They made defined benefit plan contributions during the 2023 year and I cannot figure out where to put those in... read more
Taxpayers are being disallowed "excess deductions" on the final year of an estate tax return on MA Schedule Y. Massachusetts are now saying they are not deducti... read more
or should it be added to the basis?BTW...on schedule A she can only deduct 1/2 of the tax since she maxes out at $10,000.Thanks in advance, Christopher
Accounting practices typically sell between June and October. The entire transaction can take anywhere between 3 and 4 months. Few to none sell during tax seaso... read more
Our cyber security monitoring service constantly identifies Adobe Flash Player as a high severity security risk and the recommendation is that we uninstall it b... read more
Hi there,Can someone help me with this issue?My client is a Form 1065 LLC who has a rental property. I entered the rental property on Form 8825. However, the ba... read more
Details:Bought and placed into service 2017. 50% rental 50% personal residence for duration.Lived there with spouse until 2019 when they divorced and she bought... read more
I am trying to confirm if MA recognizes trader tax status. On the Federal Tax return, trades are reported on form 4797, part II, gains are taxed at ordinary rat... read more
