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
Individual passed in 2023. The investments were in a revocable trust. An Irrevocable trust with EIN was created at date of death. However, the brokerage did not... read more
Have a client that Lived in DC in 2024 from 1/1/24 to 4/19/24 then moved to CA for the rest of 2024 and domiciled there. He and wife had 2024 total income of ~2... read more
TAXPAYER HAD A $17,079 QUALIFIED PLAN LOAN OFFSETIs she still eligible to roll over the $17,079 distribution until April 15th, 2025? Am I understanding correctl... read more
Client really just exchanged her 2 separate timeshares at one place to upgrade to 1 much better time share. They sent her 2 1099s forms showing the proceeds val... read more
Carryforward net operating losses are deductible on the S-Corp tax return for Massachusetts and not on the individual tax return, which differs from federal in ... read more
I understand the 2024 program is supposed to have auto updates, but mine are not working. I've turned the auto update on and off and on again. Prior to that I d... read more
