I have a client who contributed to a ROTH IRA for his spouse in 2024 for $15K, $7500 for 2023 before 4/15/24 and $7500 for 2024 which as soon as I found out abo... read more
Do I need to dispose of assets on the asset entry worksheet on a taxpayer's final tax return on the date of death, with $0 sales price? The assets are going to ... read more
I have a person who has not filed for 2021. They have W2 and are due a refund. Can this be entered in 2021 ProSeries and then efiled or does return need to be p... read more
Does anyone know how to access RI (Rhode Island) Schedule W in Proseries Online? Or how to add it? I need to enter withholding for a 1099-R that is part of the ... read more
I have a taxpayer who purchased in April 2024 foreclosed property with a 50% partner. The intent of the property was to fix up and flip initially. The title to ... read more
I have a client who took out $10K from their child's 529 plan that was funded by various sources (gifts, etc) over the years. The $10K was to pay 100% of the bi... read more
I have a client that is a crew member on a charter boat, and they pay hum as a subcontractor and issue a 1099. The assignment lasted a little less than one year... read more
There were many more short-term transactions but I am more concerned about the one that had the wash sale disallowed on both, the short-term and long-term trans... read more
. . .doesn't always prevent you from being run over in the middle. From a share price of $715 the week after the election, INTU has dropped to $568 this morning... read more
I’m filing a superseded return for a client who got an updated K1. On the original return, we selected for her one estimated tax payment to be paid electronical... read more
Child bought condo with parents help. Both names are on the deed. Child made the downpayment. Both were on the Purchase and Sale. However, the parents took out ... read more
Two parents gave their son and fiancé 100,000 to buy a house. The kids are going to pay it back but no formal loan and no interest will be paid. I see it as eac... read more
Client paid an amount to buy out contract of an agency, said its non business but can it actually be a business deduction or just a miscellaneous deduction?
