I had $5,000 land sitting on the balance sheet for a 1065 return. It was sold in bulk the previous year but did not connect it to the bulk sales to the building... read more
The CA Return is showing amounts entered for Medical expenses, but I did not enter anything in Itemized deductions. In the field where you enter amounts, there ... read more
Case: I received a W-2, box 16 state wages amount less than the box 1 wages.Question: (1) does this Form W-2 sound correct? In some cases, the box 16 state wage... read more
Client purchased 75% business use (Sch C) vehicle end of 2022. Took 179 depreciation for the full 75% of cost. No standard or actual expenses were taken as they... read more
Have one W2 box 1 says $7000, and box 16 says $7000 KS and $7000 MOclient part residence KS Jan-Sept and MO Oct- Dec which I have entered in client info andStat... read more
I saw that there is a $5250 limit for education assistance but I am thinking it may be related to college tuition. My client sometimes hires a presentation coac... read more
On form 6765, I have elected for all R&D credit to be used as payroll credit. However, on 3800, the full amount is still showing up on line 30, 36, Part III 4i,... read more
Hi, I have client who bought an investment property (Property A) from a property managment/Real estate company for X amount of money. The management company ren... read more
Form 4562 line 16 Part II should be zero and it is showing the depreciation amount for the year. Had to input each fixed asset and override some of the deprecia... read more
How can I make ProConnect populate 4797, Part IV for the amount of the recapture? I am converting a partial business use vehicle to personal use. The vehicle ha... read more