Dependent Information
The term dependent means ‘Qualifying Child’ or ‘Qualifying Relative’.An exemption for a qualifying child or qualifying relative can be claimed...
Software Features
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Schedule B – Other Menu
If total interest less excludable interest on series EE and I U.S. savings bonds issued after 1989 is greater than... -
Virtual Currency
Transactions in virtual currency are taxable just the same as transactions in U.S. currency, and if your client is transacting... -
Form 461 – Limitation on Business Losses
For noncorporate taxpayers (individuals, estates, trusts, and exempt organizations filing Form 990-T), business losses in excess of the loss limitation... -
Schedule D – Other Menu
In addition to the information flowing from Forms 1099-B entered in the Schedule D menu in Keystone Tax Solutions Pro,... -
Schedule D – Entering a Wash Sale
A wash sale occurs when you sell or otherwise dispose of stock or securities (including a contract or option to... -
Selling Inherited Property
To determine if the sale of inherited property is taxable, you must first determine the taxpayer’s basis in the property.... -
Other Gains/Loss Menu
Sales of Business Property – Form 4797 Like-Kind Exchanges – Form 8824 -
Other Income Menu
Other Income Form 1099-MISC Other Income Qualified Education Program Payments (1099-Q) Cancellation of Debt (1099-C) NOL Carryover from Prior Year(s)... -
Schedule E – Rents & Royalties Main Menu
Rents & Royalties K-1 Input Income or Loss from REMICS Part V – Form 4835 – Net Farm/Rental Reconciliation Form...