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
Hoi to all,new client self-employed in PA when I mark onFor the first client who owes $220, I was wondering if this amount can be withdrawn automatically from t... read more
I have a 22-yr old taxpayer. She's a full-time student and lives in the state where her college is. She has $1000 of earned income. Her parents will claim her a... 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
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
When printing a partnership return, Proseries currently prints all the K-1s together, and then prints all the Basis Statements together. Like this: K-1 Partner ... read more