Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Mo negative income deduction
Mo negative income deduction
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
TIMMBO
Level 2
4 weeks ago
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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 income for the taxpayer is
not being brought forward to the MO-1040 Fed AGI line 1. The taxpayers income is $0.
Not correct , should be the negative amount from the federal.
Labels
2 Comments 2
TIMMBO
Level 2
3 weeks ago
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If you do not put on the Y-1 then the total does not reflect the loss. Don't have time to bring up to Pro Series. Fixed it my self...Thanks
