They were never a C-corp. They were a SMLLC and then filed for S-Corp status with effective date 4/1/23. January to March information is being filed on schedule C. How do you mark the 1120S as a shor...
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They were never a C-corp. They were a SMLLC and then filed for S-Corp status with effective date 4/1/23. January to March information is being filed on schedule C. How do you mark the 1120S as a short year in ProSeries?
My client elected s-corp status and was approved with effective date 4/1/22. I put in the effective date in ProSeries and it is giving me an error message. Is there a way around this? Pictures attach...
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My client elected s-corp status and was approved with effective date 4/1/22. I put in the effective date in ProSeries and it is giving me an error message. Is there a way around this? Pictures attached.
To clarify, by districts I mean any local tax entity in Ilinois. For example, Ohio has a tax district lookup that shows county, city and school district information by address. it gives tax rates if ...
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To clarify, by districts I mean any local tax entity in Ilinois. For example, Ohio has a tax district lookup that shows county, city and school district information by address. it gives tax rates if applicable for each.
My client received inherited Metlife shares last year when her mom died. This is the 1099-B she received. There is no acquired date and no cost basis on the 1099-B. Her mom died 9/22/22. Would that b...
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My client received inherited Metlife shares last year when her mom died. This is the 1099-B she received. There is no acquired date and no cost basis on the 1099-B. Her mom died 9/22/22. Would that be the acquired date? Also where is box #5 in ProSeries? I can't find it anywhere.
Just checked and it says Federal Return not Federal Amended. The 8879 has the refund amount from the 1040X. So, it's using the amendment total but filing as an original return.