A taxpayer had 2 rental properties. Sold one of them in 2023. In 2024 he had to pay local occupational tax on the gain on the sold property. Can he deduct this ... read more
All -Taxpayer died mid last year, survived by spouse. DocuSign is requesting both sign the 8879 even though I have identified the taxpayer as deceased. And ente... read more
Hello everyoneI have a client that has rental property that she rents out. The property was refinanced last yearNot sure how to treat the closing cost on her se... read more
I have a new computer and am trying to get my ProSeries Professional to work as it should on it. I am having trouble with the behavior of the popup screen after... read more
Hi,A new client, came to usa with her kids in 03/01/2024. They got family visa however husband die in india on 12/03/23 before he came to US. Can she file as QS... read more
Taxpayers lived in Illinois the entire year of 2024. Filing status MFS. Spouse W2 State of employment is MS although both lived in IL the entire year. If I comp... read more
I have 1 LLC-single member with business activity and 2 LLC-single member with rental activity each with different entity names, EIN and SOS numbers.On the Fede... read more
Where do I enter the cost of a major renovation project done to prepare a rental property for sale. Do I add it to selling expenses when entering the sale of th... read more
Not a question, just a public service announcement. Just found out that the Arizona Property Tax Credit 140PTC has been printing all year without Social Securit... read more
So I was working on a 1040 a couple weeks back and checked with the client on whether or not he wants to make a SEP contribution. In the past he has earned $100... read more
Police officers and firefighters often make purchases that are not reimbursed by their employers; however these items are necessary for the job. They also use t... read more
