My client exchanged one property for two properties. The first one links but not the second property. I read you can put the second on a summary. That doesn't s... read more
Client had 3 shareholders in 2022. Two surrended their shares and K-1s are marked final but when I work on 2023, the K-1 Worksheet still has fields highlighted ... read more
Client purchased duplex rental property in 2016 (property #1). Half was used as personal property and half used as rental. In 2021, client moved out of first pr... read more
I would appreciate help with the following situation. Thank you1. Taxpayer (Sole Proprietor, Schedule C) purchased material and supplies with credit cards and w... read more
A friend of mine used another preparer. This preparer told them because they sold land and bought a home within the 180 day period they were fine on taxes. They... read more
CA is the only state I've come across that doesn't seem to offer such a statement of general explanation with the E-Filing. Anyone find a workaround?Often I lik... read more
Reading this error has been happening since 2020, when will it be fixed?? Why is it happening and unchecking the box to fix it causes the letter to the client t... read more
Hi - I am a tax preparer & use Pro Series Basic. I need some hand holding with a K1 1120-S section V. I prefer some one on one help by phone. I am willing to pa... read more
Good afternoon folks -I'm reporting a like kind exchange of rental real estate for a client. This is my first. I understand that incidental personal property li... read more
Hello community I know we are all tired and need a break. It's coming soon.I have a question that I have researched and have not been able to find an answer to.... read more
A client will be receiving a 1099-INT in 2025. However, the interest will be split 50/50 with her sister.I understand my client has to send the IRS a 1099-INT w... read more
Anybody else seeing a similar pattern? Im wondering if they were both filed on the same day or something in common like that.....Im out of the office until the ... read more
Just-Lisa-Now- Level 15 ProSeries Professionalposted May 1, 2025Last activity May 2, 2025 by Frustrated-in-IL
