I picked up a Partnership last year (2023) that was formed in 2022. In 2022 they purchased three pieces of equipment totaling $24,679. The CPA that prepared the... read more
I'm working on a tax return for a client who has an NOL carryover. The Carryover Worksheet, line 14 has the amount carried over but shows an error. The error me... read more
client sold a home and made again BUT at the same time bought another new home. Can you still roll the gain into the new home or have to claim it on the first h... read more
I have a new client that has a lot of carryover loss from previous years. It's all from stocks. How do I enter this loss into Lacerte? I can't find a line in th... read more
ON MY HOMEBASE VIEW, IT SAYS "MARKED FOR EF", BUT I SUBMITTED IT ALREADY, IT DOESNT UPDATE TO SAY RECIEVED OR ACCPTED ... SO IF I TRY TO SUBMIT AGAIN, IT SAYS I... read more
New client has a Schedule C business. The business vehicle has historically been used 51% - 65% for business purposes.The vehicle depreciation information from ... read more
I am a CPA who files one return in NY. When I read the information from tax.ny.gov, its says CPAs are excluded from the required New York Tax Return Preparer re... read more
Case: Taxpayer XYZ filed his 2023 individual tax return using itemized deductions. He received both a federal and state tax refund for the 2023 tax year. As I p... read more
How do you report electric vehicle credit on form 1120S? There is no form 8936 that you can use to enter the data from Form 15400 from the dealer such as the pu... read more
I'm mostly done with a 2024 1040, and the client gives me new info that affects 2023. If, for example, there will be an adjustment to 2023 depreciation, or a ch... read more
Instructions for M1PR say to select Renter/Homeowner/Mobile home owner/Nursing home resident to select the type of the form to file in the "M1PR Information" se... read more
Need a workaround. 02/19/25 update now requires RMD info on every 1099-R. Don't have this info, cannot get this info and on certain pensions, etc. this does not... read more
