Hi online community, I know that choosing the operated jointly button in Sch. C will automatically create two different schedules c for husband and wife but as ... read more
Hi there,I cannot find a specific window to enter carryforward losses from last years on rental losses (Sch E). I called ProSeries customer service and the repr... read more
I have a client with a passive activity credit carryforward from 2023, the year the credit originated. Form 8582-CR for 2024 recognizes the carryforward from 20... read more
TP was divorced in 2024 and converted his rental property to his residence on January 1.I'm trying to stop depreciation on the rental property for 2024 and keep... read more
I need to file a superceded tax return for an S Corp. Client has an automatic extension until 10/15/25 because of the Los Angeles fires. There is no issue with ... read more
Read new rules effective September 30, 2025.Seehttps://www.federalregister.gov/documents/2025/03/28/2025-05522/modernizing-payments-to-and-from-americas-bank-ac... read more
How do I group S Corp K-1 & Sched E Disregarded entity in Pro Series. The S Corp rents exclusively the commercial building owned by Disregarded entity. Regulati... read more
Taxpayer bought a house 6/2022 1.35 million 50% owner (675,000)Sold it 6/2025 1.45 million (725,000) 6/2025Partner did 1031 exchange for their share and is NJ r... read more
California State - Other State Credit 187 California residents may also claim a credit for their share of income taxes paid to OR states, who are included in a ... read more
We are trying to install the current version of DMS on a Windows 11 PC. This is a firm which has many years of tax information in ProSeries and DMS and we are n... read more
I have a new client with rental properties in several states. He had a sale last year so no Federal level PAL carryovers but he has PALs in the states. How do I... read more
