My client is filing a single/no dependents simple return no-tax liability for 2022. He is not receiving a kicker credit from Oregon. Is there a specific place where I need to enter the credit for the...
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My client is filing a single/no dependents simple return no-tax liability for 2022. He is not receiving a kicker credit from Oregon. Is there a specific place where I need to enter the credit for the state? I checked online, and it states he has a kicker credit of $459. He has no liability for this 2023. I read the credit instructions, but it seems he doesn't qualify based on the prior year's no liability.
Hi everyone, I have a 1040 client, a California resident, who won Casino gambling winnings in Arizona. $11,820, to be exact. Will he need to file a nonresident return for Arizona?
The client purchased a home in Kansas in 2023, and they are from California. She wants to report her expenses, but no income was recorded since the house is still in repair. She has no liability and ...
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The client purchased a home in Kansas in 2023, and they are from California. She wants to report her expenses, but no income was recorded since the house is still in repair. She has no liability and is receiving a refund for her two dependents and a w2. Is it worth adding to the return? Or can the expenses carry forward?
Hi everyone, I have a customer who withdrew shares from their stock shares at Spacex. It is included in his W2 form. Is there any other form I should be expecting? Or is this sufficient to file? He h...
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Hi everyone, I have a customer who withdrew shares from their stock shares at Spacex. It is included in his W2 form. Is there any other form I should be expecting? Or is this sufficient to file? He has STKAWARD on the state box 14 for California.
not sure why it says bleep. My Mo state return doesn't show the state withholding that should transfer over from the federal return. Not sure why. I feel like I have done all the correct steps
Ok, I was able to solve the Missouri nonresident forms. Thank you! One more question for my client's primary residence of Kansas would that be allocated, or will his Kansas forms have the total inc...
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Ok, I was able to solve the Missouri nonresident forms. Thank you! One more question for my client's primary residence of Kansas would that be allocated, or will his Kansas forms have the total income from all sources since this is where he resides?
My client's residence is in Kansas, and he worked in Missouri a few times throughout the year. Nonresident. I am adding the state to the pro series basic, but I feel something is wrong, and the amoun...
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My client's residence is in Kansas, and he worked in Missouri a few times throughout the year. Nonresident. I am adding the state to the pro series basic, but I feel something is wrong, and the amounts are not allocated correctly. I enter Kansas as a full resident and Missouri as a non-resident, but when I review the states Missouri adjusted gross income is all the income reported on all w2s. Is this correct?
He first stated "It was like a sweepstakes prize" Then after a few questions he said it was from Chumba Casino then he stated he had 7300 in loss so the story thickened 🙂
I have a client who has been paid 50k (sweepstakes) description per customer. He did not receive a W2-G gambling form or 1099. I have been reading regards this casino It is overseas, and a lot of bac...
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I have a client who has been paid 50k (sweepstakes) description per customer. He did not receive a W2-G gambling form or 1099. I have been reading regards this casino It is overseas, and a lot of back and forth between the IRS and the casino. Where would I enter the gambling winnings if no form is issued? Winnings were sent a direct deposit to his bank account, and the loss was only 7,300. I was thinking of other income?
The client will claim the MCC credit on her return; she has two mortgage interest forms. One is from the lender SVB, and the other 1098 mortgage interest form is from the County of Los Angeles. Are b...
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The client will claim the MCC credit on her return; she has two mortgage interest forms. One is from the lender SVB, and the other 1098 mortgage interest form is from the County of Los Angeles. Are both interest amounts combined into one? Or will I need two separate 8396 forms?
He dumps waste from construction sites. Sorry, I meant he has three trucks and just bought three new ones totaling 144k Im adding up all receipts for each category. He brought me ALOT of them 😞 I ...
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He dumps waste from construction sites. Sorry, I meant he has three trucks and just bought three new ones totaling 144k Im adding up all receipts for each category. He brought me ALOT of them 😞 I calculated the standard mileage rate, but this is where I am confused... On line 9 schedule c Do I ADD the total cost of the trucks and the standard mileage rate with fuel? I think all these receipts have me overwhelmed I can't think right.
A client bought three vehicles for his business, all cash 144k. He has 281,000 thousand miles calculated for all vehicles. He also has a fuel cost of 5k with receipts. What would be the best way to d...
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A client bought three vehicles for his business, all cash 144k. He has 281,000 thousand miles calculated for all vehicles. He also has a fuel cost of 5k with receipts. What would be the best way to deduct his expenses? I have been calculating receipts for 3 hours 😞