A client failed to carry forward a capital loss from 2022 to 2023. The return was not originally prepared by me and I had to amend 2023 TY return using ProConne... read more
Folks:Clients have 2 children, each receiving childcare costing $10,000+, all properly entered in Screen 33.1 and 33.2. Dad has deferred $5,000 into his employe... read more
Hello. I might have thought this inappropriate if an IRS agent herself did not suggest it. It has been 67 days since my application was submitted for an EFIN. I... read more
Home Sale : $430k on 1099-SSeller's Cost Basis : $150kGift of Equity : $170kIs the gift of equity an increase to the Seller's Basis? $320k total - $430k = $110k... read more
Where in ProConnect do I enter a measly $12 of foreign tax paid as reported on 1099-div, box 7. I know it goes on line 1 of Schedule 1, but CANNOT figure out ho... read more
If you have a mittful of 1099Rs, why do you feel the need every year to rip apart the three part page so I have to play 52 card pickup trying to make sure that ... read more
Well, I am back.Background:New client as previous CPA retired. It would appear that the prior CPA used Lacerte given what I know about the CPA and how the PY re... read more
The trust has a 1099 and received both exempt interest dividends and private activity bond interest. I cannot locate the boxes to enter these figures in ProConn... read more
I am attempting to enter the income distribution deduction for a 1041. All income of the trust (interest, dividends, capital gains) is to be distributed to the ... read more
Hi ,A Real estate partnership invested in other partnerships and received K-1 from them. Where do i enter those K-1 info in 1065 form. Since they invested money... read more
TP'S income is less than 1099's received. TP is on cash basis. Should the 1099 income be reported to avoid problems in the future? All deposits on bank statemen... read more
I filed a joint return in which the taxpayer is deceased. The date of death is listed on the return. I had no problem with the original return. The E-file was a... read more
13 days until the deadline and I am not able to file returns using the hosted environment. I am able to file using my desktop version. The problem is, my data i... read more
