On a 2025 Schedule K-1, the amount on Line 11 code A show up on Form 1040 Schedule 1 Line 24 kThe amount on Line 11 code B is not deductible. On 2025 California... read more
Client had 3 months for Airbnb, then converted to personal property. How do I get that reflected for depreciation without a gain or loss. Not a full year deprec... read more
The individual tax return was filed and rejected due to someone claiming two of the dependents on another return. My clients have always been the rightful paren... read more
It seems the DCC isn't calculating if you have more than one dependent and only one dependent has qualified expenses without having to enter zero amounts for th... read more
I am working on a complex trust with two beneficiaries. On the form 1041 schedule B line 9, the income required to be distributed currently (and the amount the ... read more
Hi all, my client was the personal representative, and sole beneficiary, for her brother's estate. The Final 1041 was filed for 2023 by the estate lawyer. Form ... read more
Down to the wire.... Sunday is the first day I will not be at the office at 6 am to see clients in many weeks. I won't say how many returns I have prepared as I... read more
I have a client whose uncle died with an estate plan setting up a grantor trust for my client. The client has now received a 1099-composite in the name and EIN ... read more
Graduate student received Form 1099-Q as recipient, but not designated beneficiary. She used the total amount for her tuition and fees. My problem is that I can... read more
a friend was a cosigner on a student loan that went into default- the friend paid the loan- is there any way to have a tax deduction? Is it a non-business bad d... read more
