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If Lacerte is capable of doing something, and it's in the 1040, 1120S, or 1065 package, I can probably figure out how to do it. If it's a tax question, I might know what the right answer is, but on the internet, No One Knows You're a Dog, so do your own research and use your own professional judgement!
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If the prior K-1 showed any debt allocated to your guy, he's got a capital loss, because the reduction in debt counts as sales proceeds.
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A trust remains a trust after the death of the grantor because there still exists a trust. If no trust existed, there would be no such thing as a 645 election.
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Lemme math some. DOD is 3/30/2023. So we want a FYE 2/29/24. That's 12/31 plus 2 months, so unextended 1041 would be due 4/15 plus 2 months is 6/15. Extended du...
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Official NJ guidance here:https://www.nj.gov/treasury/taxation/njit14.shtml There are a couple of pubs at the bottom with detailed information about how the cre...
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If it's just an informational checkbox (no affected tax calculations), check it in pen. It's unlikely anyone here has 2006 NJ installed, and if right-click Jump...
