I have a client with a Schedule K1S reporting real estate losses. The taxpayer has 100% interest in the LLC, and is the one collecting the rents, and paying the... read more
How much detail do I need to enter in an original 1040 filed by someone else when preparing an amended return?I don't have all the detail documents and there ar... read more
I have an overpaid amount from last year (2024) on the above return which is carried forward to 2025 return, but the overpaid amount was reduced by the MA State... read more
Doesn't the above client have to declare the basis of his new home as income since he will put his name on the title?Or is it just a distribution to him.He is t... read more
The suit is aboutdisaster relief provisions enacted during the COVID-19 pandemic that suspended certain federal tax deadlines for more than three years — from J... read more
Not so much a question for the community, more directed at ProSeries admins. 2025 software is a disaster with zero support for any calculations or data entry in... read more
My client lives in NYS and works for a NYC agency. He is required to file Form NYC-1127. The return calculates a STAR credit that is not allowed. I tried to eli... read more
Just received an email. If I am going to take the time during the heart of tax season, please reply to this post and send me a list of grievances to bring up (r... read more
It would be great if you could file a final short year tax return (form 1065) by the deadline using ProSeries instead of having to file a paper return.
I'm sure I can't be the only one with this!!!Has anyone rec'd letters from personal tax clients about eliminating the School Tax Credit(s) on the 1127 Schedule ... read more
Attempting a 2025 Amended tax return and the errorsOfrl1 pop up.There are NO pink boxes showing anything is estimated but the errors continue to show in forms o... read more
Hello,We get a lot of customers from year to year complaining they have trouble filling out the electronic organizers from Lacerte program.Not sure if the devel... read more
Hi, new client for me this year and he has a net loss carryforward from prior years. In his 2024 return I see"Loss Netting and Carryforward" line 2 completed. H... read more
