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
I am noticing that when I import the K-1 into a 1040, the basis adjustment for the share of income is not being made on the 7203.For instance, the ordinary busi... read more