Taxes-by-Rocky
Level 7
09-25-2023
07:07 PM
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It would really be helpful if this form was added to the 1040 package, even if not fully integrated. It has the potential to be 'highly' iterative in the tax computations, and tracking carryforward information for PTE investments (i.e., EBIE, etc.) would be a plus so as not to lose those deductions going forward. Might suggest integration with the NOL Classification worksheet with an additional (third) column for sourcing income/deductions from PTEs to calculate ATI additions and subtractions. Expanded integration with that ever-elusive basis statement worksheet would be another great addition to yet another parallel tax system. Just a suggestion.