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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- I saw over in the PS Facebook group that Covid Distributions are still carrying over to 2023
I saw over in the PS Facebook group that Covid Distributions are still carrying over to 2023
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Just-Lisa-Now-
Level 15
01-05-2024
08:27 PM
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that should have been done in 2022, so it may be too soon to transfer your client files over. Im sure they'll get this fixed, but I doubt that any previously transferred client files will be fixed when they do, so just a heads up.
PS I havent looked for myself, I dont transfer client files until the come in for their appointment, but the OP over in Facebook was quite peeved about the whole thing, and had already been in touch with support, heres the thread if youre a member
https://www.facebook.com/groups/1563504723861599/permalink/3517012721844113
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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TaxGuyBill
Level 15
01-06-2024
10:33 AM
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I was curious, so I just checked and opened a client that had a Covid distribution. Yep, it is showing up as taxable.
