About PatrickSanford - Intuit Accountants Community

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Level 2

Products

ProConnect Tax

Experience: 1 years

Details

4

Language

English - Fluent/native, ASL (American Sign Language) - Conversational, French - beginner, Japanese - beginner.

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Re: Multiple activities for 1065 or 1120-S

@EcoCPA,there isn't a workaround for this. You can do manual entries in the QBI screen, but if you have multiple businesses that aren't separately reported, you...

PatrickSanford

May 01, 2025
Re: transfer sole proprietor in QuickBooks to Schedule C in a personal return

I should mention for the developers who read this, sometimes a QBO file is also kept for a real estate rental activity, or a farming activity. If you make this ...

PatrickSanford

Mar 21, 2025
Re: AMT Depreication

Okay. TaxGuyBill.I found this language in the same paragraph in the instructions you quoted:If you elected not to have any special depreciation allowance apply,...

PatrickSanford

1

Sep 12, 2024
Re: AMT Depreication

Here's some screenshot of the 2021 return for the same client:The election was made. Assets were put input.But yes. I'm sure the election was made. It's still s...

PatrickSanford

Sep 12, 2024
Re: AMT Depreication

Sorry TaxGuyBill, I should have put that in my original post. This is if you are electing out of bonus depreciation.And, you are right, the 150% would apply. Bu...

PatrickSanford

2

Sep 12, 2024

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Posts	9
Solutions	0
Cheers Given	9
Cheers Received	7
Member Since	‎03-12-2024

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