Many of my clients are seeing thousands more in interest income this year, so their tax bill is higher. Combine that with a higher rate for figuring ES penalty,... read more
To report capital improvements that were made the same year of sale of the rental property. Is it proper to enter them as a separate asset and report them as so... read more
Hi everyone!My client had a major house fire in 2023. However, the last time that I prepared a Casualties and theft loss was in in 2010. I keep running into tha... read more
I entered the Qualified Opportunity Zone Fund information using the 1099-B worksheet. When I go to the 8949, the deferred gain is not showing up. I'm trying to ... read more
I need some assistance with a client that I have. Going to post the gist of their forms below.1098-T: Box 1 - $10,089 & Box 5 - $2,500.001099-Q: Box 1 - Gross D... read more
I cannot open prior versions of ProSeries, specifically 2018 and 2019. When I double click the program on Windows 11, it basically does not open the username an... read more
My problem is how and where do I enter the DE activity,Ordinary Business Income, to show up on the Partner K-1 Attachments, separate from theOrdinary Business I... read more
Good afternoon,My question is: I open an LLC Business in October 2023, I'm preparing my 2023 Income Tax return, 1040 with a schedule C.I didn't have any income ... read more