There is now a check box available for this exclusion on page 2 of the Michigan Schedule 1 Retirement Smart Worksheet. I had to search for it, but it works.
I am having the same issue with a Iowa 2022 return. Client has multiple rental properties here in Michigan and moved to Iowa during 2022. Is there a work around for multiple 4562A forms that will ...
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I am having the same issue with a Iowa 2022 return. Client has multiple rental properties here in Michigan and moved to Iowa during 2022. Is there a work around for multiple 4562A forms that will allow me to e-file?
My question is multi layered; first, I am doing the accounting and tax prep for a trust. Within the trust there is a land contract. One of the beneficiaries is cashing out and I need to determine ...
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My question is multi layered; first, I am doing the accounting and tax prep for a trust. Within the trust there is a land contract. One of the beneficiaries is cashing out and I need to determine the present value of the land contract to satisify the attorney and other beneficiaries. I only have the book value (starting at the inception of the trust) and have applied the payments to principal and interest as it is paid down. Where would I look for assistance with this computation? Any suggestion would be appreciated. The next step would be determining is there is a gain or loss or basis adjustment for the beneficiaries.