TPs purchased a new house in February with a mortgage greater than $750K. They converted their old residence to a rental property and began renting on 4/1/24.Pe... read more
Hi,Can someone explain why, when I enter data into the federal asset entry worksheet in the 1120s, the depreciation schedule doesn't flow to the balance sheet?I... read more
Has anyone had the problem when filling a return, the filing fails because the software is out of date but when updating ProSeries, the "Initializing Connection... read more
I have a 1120 client with a 6/30 year end. He purchased and put in service capital equipment after 1/19/2025 and is entitled to 100% bonus depreciation accordin... read more
I have an s corporation that is invested in a partnership. The partnership generated K1s for 30 different states. The s corp is going to need to file in many of... read more
On forms 1065 and 1120S, I noticed yesterday (9/7/25) that when I open a client's return, the Schedule B, line 2 a and b are missing. They transferred before f... read more
We have a small batch of tax returns that were e-filed and we cannot figure out how. The user was not in the office at 12AM (when the e-filings happened). IT ha... read more
My client (S-Corporation) received a K-1 (1065) with a small passive loss. There is no limited partner check box anywhere on the 1120-S. The loss is reported un... read more
These are the texts fields for Business Activity and Product or Service and the data was deleted for all return - filed and unfiled. I am having to go in to ev... read more
Hi,I am preparing a NYS joint resident return where the taxpayer is a NYS non-resident of NYC and the spouse is a NYC resident. After accounting for this on the... read more
Has anyone else had data deleted from 2023 to 2024 such as the NAICS code and principal activity and product. I even have a return that was already efiled - and... read more
Just let ProSeries do its auto update thing and now all Principal Business Activity, Principal product or service and Business Code number on 1065's and 1120S's... read more
