Name: Intuit ProConnect: Data Entry and Tools
Uploaded: 2026-01-14T09:16:04.252Z
Duration: 1 h 8 s
Description: Intuit ProConnect: Data Entry and Tools

Transcript for "Intuit ProConnect: Data Entry and Tools": Hello, and welcome. Thank you for joining me for another ProConnect Tax Online webinar. We'll be talking about data entry and tools. I'll tell you a little bit more about myself and then we'll jump right in. I am based in New Jersey, so if you are a New Jerseyer or New Jerseyan, or if you are on the East Coast or even the Eastern Standard Time, be sure to tell me where you're from in the comments. Of course, the rest of you can also join in as well. I am a CPA, but I'm also the founder of a firm. I started my firm in 2016, ACE Group, where we empower small business owners to grow strong and sustainable businesses. I've won a couple of awards listed there. I have been a partner with Intuit, not necessarily an employee. I don't work for Intuit, but I have had opportunity to participate on some of the councils. I'm a mentor at Montclair State University. That's my alma mater. I loved it so much. I graduated from there twice. And I measure success by how much control I have over my own time. And a lot of that has to do with the systems that we put into place and the software that we use and ProConnect has a lot to do with that. Because we're able to get information from our clients quicker, get it into the software quicker, we're able to advise our clients in a more timely fashion, all of this helps us to work a four day work week year round and that is much more important to me than perhaps becoming a billionaire in this industry. So here's what our agenda looks like. We got a lot to cover, so stick with me. I'm going to show you how to input information like estimated tax extensions, amending tax returns, depreciating assets, dispositions, attaching PDFs to tax returns, and then state specific input. So we got a lot to go through. I am going to do a lot of this in product. So there are a lot of slides in the deck. If you downloaded the deck from the handouts, you'll notice that a lot of them are directional. And that'll be fantastic if you're doing this on your own, but if you are joining us live, or if you're going to catch the replay, then the demos will be very helpful for you. Some housekeeping. Best practices, this will stream through your computer speakers. If you can't hear me, turn the volume up. I do recommend using Chrome or Safari for the best possible experience. If you have an ad blocker, firewall, any of that, that could be impacting your experience, so try not to do that. As this event is wrapping, you will be prompted to take a short survey. It's quick, I promise, and your feedback is extremely valuable for helping Intuit understand the type of webinars that are helpful to you. So be sure to take that webinar, we would appreciate it. And after this webinar concludes, you will be able to view a recording of this presentation. You'll use the same link you used to join today, and then you'll be able to watch that replay. Polls, this is important especially if you are here for credit. So when a poll is launched, you're going to see it in two places. It will pop up on the big screen where you'll be able to answer. It'll also be in the polls tab. So you can answer in either location so long as you answer the poll, you don't need to answer in both places. So find it in the place that is more convenient for you. This does work best on a computer, but if you're on a mobile device, you may need to like turn your screen to access it. If you have any issues with seeing the polls, please chat with one of us. There's someone in the backstage in the chat area that can assist you if you're having any issues. We do have some extra polls built in. If you missed the first one, do not panic, you will have the opportunity to answer some additional polls. I will announce them, I'll give you some time to answer them. And accuracy does not matter here. If you want credit, you just have to answer. It does not have to be correct. This session is eligible for one CPE and one IRS CE credit. There will be interactive polling questions throughout. We will need you to answer three of those polling questions at minimum. We'd love it if you could answer all of those, but be sure to answer three to receive CPE credit in addition to attending for a minimum of fifty minutes. Keep in mind that only live webinars are eligible for credit, so if you are viewing this later on demand, this will not be eligible for any credit. Once you have successfully entered those polls and attended for a minimum of fifty minutes, you will receive your certificate automatically within forty eight hours via certifier. You'll want to email protaxtrainingintuit dot com. Be sure to give them the webinar title and the date you attended only if you do not receive that certificate within forty eight hours and you've already checked your junk or spam folder. Of course, this session is educational in nature, should not be construed as tax advice. So let's get started, first poll of the day, this is your first poll, this is your turn to practice. What is your primary reason for attending this webinar today? Is it to earn free CPE, explore new solutions, solve a specific problem, general interest or education, or other? For purposes of credit, all answers are correct. Be sure to give an answer. I'll give you about ten to fifteen more seconds and then we will jump right in. All right, and I'll count you out five more seconds, five, four, three, two, one. Okay, so let's get started. I did mention to you that we're going to go through a lot of demos. So I'm going to switch over to a ten forty tax return so that I can show you how to input estimated taxes. The slides that you will see after this slide here, will go through instructions on how to do it, but of course I think seeing it in product makes it a lot easier. So bear with me while I switch over to my screen. Okay, so if you are seeing my screen, you should see that I am in a 2024 tax return. This is a demo account, so almost all of the features will be available, but not all of them. I'll do my best to show you as much as I can. So when you are entering estimated tax payments, the payment that your client has made throughout the year in preparation of having a tax liability at the end of the year, you're going to start with this input return screen. So I'm here at input return, and then I'm just going to go to payments, penalties and extensions. 2024 estimated tax payments, I am currently working in a 2024 tax return. Now you will see these voucher amounts here, if you have worked on this client in the past. So this is going to come from their prior year return. You could also have filled these in, but these will pre populate from the prior year. Here is where you want to input your amount. So if your taxpayer has made some estimated tax payments throughout the year, this is where you want to input those amounts. Let's say this taxpayer paid federally $5,000 and they did this on 04/11/2024 and for state, you don't see a specified state there because this is only for one state. So if I go here into the profile, I can see that I only have one state there. Let's just say I add another state and then I go back to my input return screen here and now you'll see that dropdown where I can indicate what state the estimated tax payment was for. So let's say it was 700 for New Jersey and 500 for New York. You'll have the ability to input these for all four quarters, so you'll see here and there's also that overpayment you can fill in that. If your taxpayer paid exactly what you put on the vouchers, you could just put a one here on this sort of like override box and that will indicate that the amounts in the memo match the amounts paid. But if that was not the case, then you'll want to manually fill in those estimated tax payment amounts here. If your taxpayer made additional estimated tax payments, you have lots of boxes here where you can fill that in, as well as any payments that were made with the extension. You'll want to fill that information here as well. When you go to look at your returns, I'm just going to go to the check return tab, and I come on down, I'm in my federal income tax summary. Here I can see the estimated tax payments that I've built in, 5,000 for New Jersey, New Jersey estimated tax payments 700 and then we didn't put any information here for New York, but we did put in that estimated tax payment and we can see that there the 500. So these will all flow through to your tax returns. I'm going to just take out New York because we don't actually need another state here for, the majority of the demo that we're going to do. Keep in mind that if you remove a state versus, just like continuing to work for your return or maybe even unchecking it for e file, if you actually delete it, you cannot recover that information. So choose wisely when you are deleting. So if you needed to, I'll take this out so I can show you. 2025 or the next year. If we're working with our client and we want to start advising them on estimated tax payments to make for the next year and we want to override amounts, we want to plan for safe harbor based on the prior year or the next year, we want to print blank estimated tax vouchers. We can do all of that from this screen here. So you'll see that I'm on the 2025 estimated tax screen. I'm still within that payment penalty and extension area. Here's some options I have. I can choose to apply some or all of the overpayment. Now this taxpayer here for this example doesn't have an overpayment, but if they did, I could choose to perhaps apply the refund to the first quarter and refund the excess. I find this to be really helpful for taxpayers where you're working with them in April and they are going to have a Q1 estimated tax payment. If they're getting back excess, a lot of times this saves both you and the taxpayer time to just take care of that Q1 estimated tax payment right from here. So whatever that first payment was, it'll apply to their estimated taxes, they'll receive a refund for the excess. Now the options I'm selecting here, I'm still at federal. When I select here has no bearing on state, I still need to make a selection for state. So just keep that in mind if you choose to use any of these options. What you do for federal does not necessarily carry over to state. Let's say you wanted to do any of these options: apply first and second, refund excess first three, or all four, however you decide. If you do any of these here, option two through option seven, you just want to make sure that you don't need to make any adjustments here, right? So if you needed to make adjustments because you wanted to see the impact of a change in withholding or a change in wages, whatever that was, just make sure that you're making those adjustments here on that federal worksheet, Just something to keep in mind. If you wanted to give your taxpayer totally blank estimated tax vouchers because they like to write in their amounts, but you want to give them those like pre populated estimated tax vouchers, you just want to come here to estimate options and select option eight. And then when they get their estimated tax vouchers, now we know our taxpayer does have a balance due, Estimated tax vouchers will generate automatically. But if we said we just don't want them to have any amounts there, we want them to be able to fill it in on their own. Now they still get all their information pre populated, the address to mail it to, but they get to write in the amount that you'll probably advise them on for a fee, but they get to write in that amount and then they can mail that in on their own. So you do have that option without having to like have the client fill it in by themselves. Let's say you wanted to calculate different amounts, right, depending on how you like to do safe harbor, you could choose to let the estimate amounts be automatically calculated using any of these options. So let's do nothing And let's go to check return. We see that our taxpayers total balance due 35,801. If we divide that by four quarters, that's about $8,950. So if we go to our estimated tax vouchers here, we can see that we're about $8,950, no cents, so it rounds up to 89.51. Now that is just calculating straight divide by four. But let's say we wanted to do something a little different, right? If we do the lesser of 90% of 2025, and we come to our estimated tax vouchers here. So we didn't do anything like special other than select that option, now we can see that we're at a lower estimated tax value. So let's say we know that the taxpayers income is going to be a little lower for 2025 versus 2024, then we can make that option without having to do our own calculations. But you also have the ability to totally override all of that. Now, if you do this, you just want to be mindful that changing one means you need to change all as you can see here in this note. If any of the estimated tax amounts are overwritten, all four quarterly amounts need to be overwritten. What happens if you don't do that? So let's say we make this one 15,000 because we know Q1 is a really high income period for the taxpayer, but we don't do anything else here. If we come and look at our estimated tax vouchers, which we could also be looking here. We'll see here 15,000 but then we see 2,902 right because it doesn't know that you how you wanted to split it from there and then we see $89.51 and $89.51. So if you want to make sure that you were telling your taxpayer the appropriate amount that you want them to pay we were at like 36,000 ish so let's say it's for simple math I want to override all four to make sure that my taxpayer is paying the appropriate amount for each four of the quarters. So then if I come back here then I'll see my 15 ks, the one k that we're suggesting, and then the 10 ks and the 10 ks. So something to note there. Now if you want your estimated taxes to be e file, let's say that you and the tax payer have already agreed on safe harbor, maybe the income is going to be really similar year over year so you don't want to make any changes here to either federal or state, and then your taxpayer says you know what you can just go ahead and schedule those payments for me. You do have the ability to do that via ProConnect. So you do want to just come here, I'm in general, miscellaneous info, direct deposit, and this is my federal tab. So I have the ability to check here to have the refund direct deposited. We know this taxpayer is not anticipating a refund. I'm a big fan of checking this off once we verify the information with the taxpayer, but here's where you want to indicate electronic payment of estimated tax. Anywhere you see those little bubbles, you'll get some additional information You'll see here that the payments will be withdrawn from the bank account where you've entered the information here. That's where it's going to come from if you select this electronic payment of estimated tax. Once this is selected, the only way to cancel it is to call the government. You cannot come back to ProConnect once this is filed and accepted. So just keep that in mind that the taxpayer might want to change the amount, if they might want to change the date, anything that they might want to change, when they pay it, how much they pay, then this probably isn't the best option because this is one of those things that's like once it's done, undoing it is going to require calling and we all know how that can sometimes be. So just keep that in mind. Now for New Jersey, which is where I'm based, we do have the ability to file estimated taxes by quarter. So here again, the notes don't pass the blue boxes y'all. The blue boxes are helpful And these will vary by state. I find this to be really helpful because I don't want to read information here on Oklahoma if I'm working on a New Jersey tax return. So for New Jersey specifically, the estimated taxes are not transmitted with the tax return. You file those separately. I'm going to show you where to go to file those, but you don't just select like we did here, electronic payment, and then when we go to our profile, you don't get the ability to just say like, oh yeah, just do that. You need to come here and select that you want to be able to e file these, and then you'll file these separate from the tax return. Every state is different, so you want to pay attention to how it works for your specific state. So if we come to file return, there's going be some information that's missing here, there's going to be some critical errors, but if we go to e file estimated payments, you'll see that you don't see that federal one here because we don't need to do those individually. Once we set up those estimated tax payments, those will be good to go. Here, you'll see that once we clear all those diagnostics, you'll be able to select to e file this and you'll also get that e file status. So that's how New Jersey works, every state will work differently as I mentioned. And if we go here to check return, now I do need to put some banking information, don't think there's any like fake banking information here, but here we can see in that e file payment record, the banking information that we populated would be here, the amount is here, the tax type is here, the date is here, And you'll see this for estimate 1234. I like to, when I send this to my taxpayer to sign their tax return because we do all of our signatures electronically, I like to put initial boxes on these. You can do extra initial boxes for e filing because I want them to see that they agree to this because if we're gonna just go ahead and file these and we're not gonna like check back with the client, I wanna make sure that they indicate that they knew that we were filing these on their behalf. So that is e filing the estimated tax payments, that's filling in the estimated tax payments from the current tax year, as well as modifying the estimated tax payments for 2025. I think that is all for estimated tax payments. Let me just make sure that I went through all of your estimated tax information. All right, perfect. Now we can go to extensions. I'll stop sharing this so that I can just quickly show you in the slides all of that information that we just went through. So we put some boxes there as well as some links so that you can see more information about it in more details should you need to. And then you'll see here now we'll go to extensions. So we'll go back to that demo return, same information, but I'll show you more information on the extensions. Alright. So you should be seeing the same tax return. I'll just reset and go back to the input return screen, which is where I almost always start. If you want to file an extension for a taxpayer and we're filing electronically, everything we're talking about here is electronic because efficiency, efficiency, efficiency, You do need to select from the profile tab that you want to file extensions. So you'll see here I'm selecting these for e file federal extension and New Jersey extension. Once I've done that, I'll come over to input return. I'm going back to payments, penalties, and extensions, and I'm going to the extension screen. This here is important. Putting a little one in here is key for letting the system know that you want to go ahead and file that automatic extension. And if you've already worked in the tax return, meaning that you've put in some income information, you put in some deductions, the tax return has already started to calculate a potential refund or tax liability here and more matters about tax liability. If you do nothing else here, that 48.68 is going to reflect the balance due. So all I did was put that one here, and then in the profile we selected that we wanted to e file. If I come here and I look at my $48.68, you'll see here that it's saying, hey, you have a balance due and it's anticipating that you want to pay the whole amount. Now let's say you haven't actually finished this taxpayer's return, you filled in a little bit of information, but you really don't have any estimate of the total tax liability, and you'd rather leave that information blank. You just wanna go back to input return, and I don't think I've mentioned this yet, but all of these like blue boxes in the form, just in case you weren't aware, anything that you see that's like blue, means that if you click on it, it'll take you back to where that box is, where that field is in the input return section. So just a little tidbit. Here you wanna enter total tax liability, put a negative one if you wanted to override that and show no tax liability. Similar to withholdings, you put some withholdings in, but you know the total withholdings, you could put the total withholdings there should you choose, right? But if you need to sort of like blank that out, you want to just go with total tax liability negative one. And that way the tax return, extension filing is not expecting for there to be a tax liability. You don't have to worry about like putting in the payment information and all of that. So if you're filing it without payment remember to put that negative one in. Now if you go to your profile, and you don't see an option for your state, we work primarily in the Northeast, I want to say maybe Georgia, if you file the federal extension, you don't need to file a separate extension for the state of Georgia. So if you put your state here and you don't see the option for extension to show up, that's likely because the state will accept the federal extension filing. So just something to keep in mind there. I'll just take that one out. Now if we wanted to file multiple extensions at the same time because we have not filed our extension yet, if we wanted to file just this one, we'd go to file return and then we just go to e file extension. Now this is not going to work because we have a a ton of diagnostics that we actually have to clear, but again this is a test return, so there are some things that we're not going to be able to clear. But once these extension diagnostics are cleared, you'll have a green box to be able to file these extensions. If you had a lots of extensions that you wanted to batch file, come back to your tax return area and here you'll see batch actions. Whenever you see this little pink button, I want to say this is like new features. Yeah. So see there whenever there is something new going on in Broken Act, it'll be identified by like a little pink dot or a little pink new button, and you'll do batch extension filing. Select the returns that you want to file. You could search for returns. If we had used return status, which you can see here, we haven't set any return status, but you could, and you can even create custom return statuses if you haven't already done that. Here are some that we've created, and then you can sort here. So wherever you see these like up and down arrows, you have the ability to sort. Select the returns that you want to batch file. You can select up to 50. Click continue, and it'll tell you whether or not these returns are ready for e filing. Now the beauty of this is that if you have the fear that I have that you will accidentally file an extension and it wasn't ready, or it really should not have been filed, this will ease your concerns because this will only allow you to file extensions that are, like, ready to actually file. And then you can see if you're filing for just federal, if you're filing for federal and state, if diagnostics exist, you'll see that here, and you'll be able to see that for all of them. If you selected a payment method, that's going to show up. So you have the visibility across the returns you select. I think this is immensely helpful if you're batch filing. Let's just say you're working April 13, April 14, even April 15, this will be really helpful to get a bunch files at once once you've checked that they are ready. If they are not, you have the comfort of seeing here that these are not eligible, you need to go back and review them. I'll close this and then I'll go back to the slides again just to make sure I don't miss any poll questions for you. And then I'll also show you where you can see the slides that provide you with some more instruction. Here. Alright. So here you'll just see where we've sort of detailed out for you what it looks like to file extensions. If you wanted to override the payment amount, you'll be in the same screen in which I showed you, but you just want to put amounts in total in total payments. So if you want to be able to make a payment, you just want to indicate that you have a tax liability. If there were any payments you want to back out, you want to put that in there. But if you're not going to make any payments, go with that negative one in the total tax liability and that will be a $0 extension. We went through e filing extensions and now we are at your second poll of this session. So this is poll number two: You cannot e file separately filed estimated taxes in ProConnect tax. That's a mouthful, and this feels like sort of a trick question, but you cannot e file separately filed estimated taxes in ProConnect tax. This is poll number two. Remember for, credit, we need an answer, not necessarily the correct answer. I'll give you ten to fifteen seconds or so to get an answer you can answer from your screen or from the poll section. That's perfect. Thank you. All right, five, four, three, two, one. So the reason why I said this was a little bit of a trick question is because federally once you submit, you submit before New Jersey for example, you do have the ability to individually file those estimated taxes. You will need to file individually those estimated taxes. So that's why I said it's a little bit of a quick trick question. So if you answer true or false, you're kinda correct either way. Alright. So next up, we have amendments. I'm going to talk you through some of what happens here and then I'll show you what you would need to do in an amendment. So I'll switch back to our tax return. And I hope you're finding the in product demo a little helpful or more helpful rather than the slides. I think it helps to see it in practice and then you can sort of follow along if you have your own tax return that you can put up on a separate screen. So if this were a tax return that had actually been filed, which is a tax return that you would amend, two things to note from the very beginning, work from that same tax return because you have that one credit that you've already paid for that one credit covers the extension, it covers estimated tax filings, it covers amendments all from that one credit for that one tax return. Also, amending from that same return means that you have all that original data already there. So if you are concerned about not having that original return preserved, if you start from the return actions to amend the return, which this isn't a final return, so I don't have that option, you get to generate like a copy, and it'll be the original return, it'll be locked. And that'll happen automatically. It'll prompt you and ask you, but you can do that, and then you get to amend from this return here. Now once you've got that original saved, it'll also ask you to, hey, do you want me to copy these numbers into your originally reported column? And yes, you do. Because we don't have the ability to do that, I'm just going to show you what we do here. So I am going to select from my input from my profile tab federal and New Jersey because I want to amend both of those. And then I can go to my input tab so that I can begin working on the amendment. I'm in the miscellaneous form section, and then I went to amended return, and then general information. You have the ability to look at any of these like hyperlinks to get additional information, on amending a return that you did not originally create in ProConnect, but we're ProConnect for life is over here, so the return is created here. I'm gonna check here that I'm amending the federal return. Here's that box that I was mentioning. Do you want to transfer your current return data to that originally reported column? If you do this, it's gonna make a copy of that tax return, and then you can transfer that data to that amended, the original reported column so that you can make the changes in the actual screen, right? If you are also amending the state return, go ahead and put a one there, and then the year you're amending. You want to go ahead and type that there. From here, I normally will go straight to the explanation of changes and I'll input why I'm amending this tax return only because I don't want to forget. If I don't know all the reasons, then you'll see here I flag it so I can come back to it before I actually finalize that amendment. Once we've done that, then we can make whatever changes we need to make to the tax return. So I'm just gonna go to the check return tab so I can show you what I mean here. Here's my ten forty x, and because I selected that box where I wanted to transfer the data to my originally reported, this is all filled in for me. If I go back to that ten forty x, I do have a column here where I can fill in correct amounts, but these are really overrides. My preference is to actually input the data where it needs to go. So if I needed to make a change to, for example, filing status, I don't know why I would, but if I needed to, or if I needed to add in some dividend income. I make the changes in the actual screen so that when I come over to my ten forty X, now I can see that the net change column is going to show, hey, listen, this is what you made changes to. Your standard deduction change because you went from head of household to single. Your income change because you added a thousand dollars of additional income. So make the changes on the actual screen and then that will populate in column B and then C will be automatically, calculated. I'll take this out because again I'm going to use the same tax return for all of the things that I'm going to show you today. We'll put this back to head of household. Another thing to keep in mind for amendments because I do still see this a lot, we do have the ability to request direct deposit for refunds on e file ten forty X's. I want to say this is for tax returns, 2021 and later. So don't forget to go back even for your amended returns check off that you want that direct deposit and be sure to input the banking information. And as the government is moving to more electronic payments, definitely the right thing to do, but you know, things happen with check payments is also a little bit, slower sometimes because it's dependent on the mail. So if your taxpayer is anticipating getting a refund, don't forget to go and add that direct deposit option for them. They will thank you later. Next we will look at depreciation. Alright, so I will come down to deductions. I'll go over to depreciation. There's lots of things you could be doing in depreciation. What I love about ProConnect is that you have like a full fixed assets manager here. And if you're doing a really good job at entering the detail for these assets, when you first add them to ProConnect, a lot of the work from that point on will be done for you. And I like to be able to print depreciation schedules for clients. I can't even tell you how many returns you've gotten where they do not have depreciation schedules and you're recreating it. You know how much of a nightmare that is because I'm sure you've been in that position as well. So, you will be able to, print full depreciation schedules. You can choose to give the client current year and next year, just a lot of options when it comes to depreciation. So if you wanted to let's first put an asset in and then I'll show you how you can view those and also print those. When you're entering the assets, we're gonna start with this like quick entry grid, but trust me, have a lot of options in the detail section. So let's go with welder tool, because our taxpayer has two businesses, welder and consultant. You'll select the category. Again, this is your quick entry. Date placed in service, let's go with June 1. Cost is 7,000. Now the only other options I have once I get to the end of this, current section 179 and then method I can select my method here. If I need a lot more options, if I need to input additional information, vehicle information, If it's time to dispose of this asset, I definitely want to go into that more detail, but I have the option of entering memos. If I wanted to create my own categories, maybe I want, welder tools and I want office equipment, I have the ability to create my own categories here. I can indicate if I'm electing out of special depreciation. So first I'm gonna just do nothing, right? I'm just gonna go to check return and just show you what that looks like. So my current year depreciation, here's my welder tool, my date acquired is here, my cost basis is here, the program made the assumption that I wanted to use bonus depreciation, so 60% you'll see there that 4,200 and then regular depreciation five sixty so that is $4,764,760. Now I entered that on my depreciation screen. I told my depreciation screen that it's related to a schedule c activity, so when I come to my schedule c, I expect to see that in the depreciation section. I did not enter that into the schedule c screen. I entered it on the depreciation screen, indicated that it was for Schedule C and then it populates here. Now if I said you know what I actually want to go back to details and I am going to do the full 7,000. So if you come here and click on that little bubble there, you'll see that the program will let you know if you were exceeding the limitation on taking section 179 deductions. So it will sort of keep track of that on your behalf. If you put more than you're allowed, then the program is going to alert you that you've requested too much, and then you need to make an adjustment. So if I go here, I'm going back to my forms, then going back to my depreciation schedule, and now I can see 7,000 here, current depreciation 7,000, I have no more and if I go to next year, I can see here that I don't have any depreciation schedule for next year, as well. Now ProConnect does a phenomenal job at doing depreciation, based on the method you choose, AMT, book depreciation, it can do all of those options. You just got to give it the information it needs to be able to deal with that. If I go back here, back to my details, I'll just take this out for now. And if I'm going to dispose of this asset, so let's say next year you, retire it, you sell it, whatever it is that you do, you'll enter the date, you'll enter any adjustments that you need to make including the expense for the sale, you can enter the sales price. If you happen to, it doesn't work that well with a welder tool, but if you happen to dispose only a part of the asset you can even split it and the remaining amount will stay in the program. So you have a lot of options here. Just keep in mind that if it is a house that you are disposing of, will have some additional information that you do need to input. But you can always start here on your quick entry screen, and then you can put in the additional information that you need to. If you needed even more overrides, you have them here in this asset section here where it says miscellaneous section 179. So that is your depreciation. Disposition actually looks pretty similar. So here if we go to income, dispositions, Schedule D, almost always you'll be entering this information from like a ten eighty nine b. Of course, you could be disposing of other assets, but if you're entering information from your ten ninety nine b, you sold some into a stock, you have some options here when entering this information. If you are going to enter a lot of information that for example, everything is reported on the ten ninety nine B, I would not suggest putting all that activity. You had the ability to enter like the total and then attach your ten ninety nine B. So let's just say it was a total of 10 stock from Intuit but I acquired them on all different dates and I sold them on all different dates but they were all short term. What I could do here is put a negative here negative means various Date sold, I'm also putting various. Sale price, costs, I'd be entering this information from my schedule. If I leave this blank, it means it was reported to the IRS and if I check this box off, then I'm just telling my tax return, hey listen, I'm going to give you a PDF. I have not done it yet, but I'm going to give you a PDF to attach here and then I'll just indicate here if it was for my taxpayer or spouse. Now whenever I use this like negative here, I will always go in and just put if it was short or long term, only because New Jersey does not comprehend this, they're just going to use these dates. Now because I filled these dates in to indicate less than a year, I'd be fine, but I always just go ahead and put that short term and long term. Here's where I was saying if you sell a home, you got some additional information to put for the, disposition of your home or the sale of your home, but here's where you're to put any of that information here. Almost always you'll have these little boxes up here with additional information, so if you are looking for an area where like I need some additional inputs or some additional overrides, just look in that top right corner for a little hyperlink. If I wanted to force the printing of form 8,949, I can do that. And then if I want to make that attachment, put that attachment for this transaction, I'm just going to go to general, electronic filing, e file PDF, e file attachment, and then here I'm going to attach a PDF. Now there are limits to the size, so you may need to condense it, if you find that you get an error message, but you have the ability once you've attached it to name it whatever you need to name it. You'll indicate what form you want it to be attached to. You'll indicate whether or not you want it to go to the federal return. You can also put it on your New Jersey return. And if you just wanted to double check, hey, I attached this, I believe I attached it. If you come to file return and click PDF attachments, you'll see the list of attachments that you have here. So that way you can just double check that you have put all the attachments that you wanted to put on your tax return. And I'm just gonna go back for the, depreciation if we wanted to force that to $1.45 62. I'll show you where to do that as well. I'm back in that little tiny screen there and I'm gonna force that. Then I'll show you what those look like in the preview. 45.62 is here, that's for our depreciation, if I wanted to force P89.49 I can see that. I did indicate that I wanted short term, that's what I see here, I see this, I see see attached statement, I see the amounts in which I input, I see the calculated gain or loss. Let's go to your next polling question. This will be polling question number three. Here, There we go. So poll question number three, ProConnect will allow you to create custom categories for depreciable assets. This is poll number three. You can answer from the screen. You can answer from the tab. Just answer if you want credit. You do need a minimum of one poll answered and fifty minutes logged in. You do not need the right answer. ProConnect allows you to create custom categories for depreciable assets. Hole number three, I'll give you another five seconds or so. Five, four, three, two, and one. The answer for this one is true. Yes, you can create custom categories for depreciable assets. This is where I was saying on the depreciation screen, say for example, we wanted to do like welding tools and then we wanted to do office equipment. Now this is for your own organization of those depreciable assets for your taxpayer. It just helps when you're creating those depreciation schedules so that you can better see the groups of assets together, but that is not required, that is totally optional. Alright. So now we can go to some state specific inputs. I believe we've already gone through the PDF attachments, I showed you how to put in PDF attachments. It's just going to give you some additional information if you need to sort of be guided through, but I've shown you how to do that in the demo. So now we'll look at state specific input. So as I mentioned, I'm in the Northeast. New Jersey is a little interesting, as I'm sure other states are, when it comes to inputting information. You have a couple of ways of getting this in. It really depends on how your specific state works, But all the modules will have a section for state related data entry, even local, if local is something you need be concerned with in your state. This is for credits, this for deductions, this is for income, this is for apportionment, for business returns. I'll show you what this looks like, maybe in the wages because we've sort of detailed that out here. So I will walk you through this and then I will show you this. If you do not see the state that you're looking for in the drop down, always go back to the profile tab and make sure that you've actually selected to include that state's tax return. You'll save yourself a lot of time on hold with, customer service or chat if you just make sure that you do that first to make sure that you see that state showing up. That's the only way that you're gonna get the drop down for that state when you're inputting information. If you are inputting wages, for example, you wanna start with that wages screen. Your employer ID, you'll have the area where you can enter multiple employer IDs. I will show you this in the demo, but your state employer IDs, could be different. In New Jersey, hours are a little different. New York is also a little bit different. So enter your state employer information, and in the wages section, you have a couple of places where you may need to enter it. So in box one, we can expand that box and input state information. But for New Jersey for example, where the income almost never matches federal, because New Jersey just does not allow as many, pre tax deductions as the IRS or or other states, we almost always need to use that box 16 which is like state wages if different than federal. So I will show you what that looks like, and then I'm a big fan of once I've input that information, again going back to that check return or review return screen to make sure it's showing up the way you want. So I will show you that. So I'm just going to switch here. Yeah, we can come back on this slide. So let's just switch right here and go to that tax return. Alright, so back to input return. Well, we'll start with profile, make sure that the state we want is there. So we see New Jersey, I'm just gonna add another state just so you can see what it looks like for there to be multiple state dropdowns. If I go to input return, and we'll start with that W two since that's what we talk about in the slides. Here is where I was indicating that you have the ability to one, two, three, four, five, six, seven, eight, nine, Input your multiple state employer IDs. So for New Jersey, hours is normally your EIN plus three zeros, but double check it against your W-two, and then for New York, you'll enter what that EIN is as well. So if we enter the EIN and it actually recognizes it, this is just one of those places where you get some efficiencies, you'll be able to import directly from here. You have a couple of options with import. You can import from your tax organizer, but you could also import here as long as it recognizes your employer via the EIN. You will have to input some information in order to confirm that you have the ability and the authorization to import this information. So sometimes it's an import code, sometimes it's social and the full box one wages, every employer dippers. I'm going to come down because that's not exactly what I want to demo for you to box one. Clicking on this plus sign gives you the ability to input description. Description is for you, it doesn't go to the tax return. So if you wanted to maybe say like, New Jersey or New York or whatever it is, because I'm in New Jersey, I almost never put my New Jersey wages here, but, you could put your amount here, right, and then you could select which state that this applies to. Now the source column, I think the source column can be a little bit confusing because for most returns we don't actually ever need to use the source column. I very rarely use this column, but the s here indicates state only, N here indicates not a state. So if you put N here and you put United States in state, this is only going to impact the federal return. Generally speaking, most returns do not need to worry about this as I was mentioning. Sometimes you might need this for like a non resident state return, but for the most part you should be able to complete your tax return without needing to put anything in that source column. But here's where you can enter the specific information for state. Now for me in New Jersey where we just don't have the same income at the federal level in box one that we have in box 16, I will almost always end up inputting my federal wages here. Because these almost always or actually not almost, but always will match New York so long as the taxpayer say for example lived in New Jersey the whole year, worked in New York, those New York New York wages are gonna match federal, so I will typically just put New York there. And then when I come down to New Jersey, to this box 16 state wages, that's where I'll put what my New Jersey wages are. I'll indicate New Jersey there. For my state tax withheld, I can put both of my state tax withholdings here. So let's say per my W-two I have 2,000 withheld for New Jersey because I know that my New Jersey wages are always going to be higher than New York. I put my New Jersey wages there my New Jersey withholdings there and then for New York and I can indicate New York there. I will show you what this looks like on the input return screen here. So we go to check return, we did put 150 we are at federal, so we see wages are 150,000 at the federal level. For New York, those wages match New York, match federal 150,000 And then for New Jersey, there are 166,000. When we look at our withholdings, I'm just coming down here, New Jersey tax withheld 2,000 and New York tax withheld to 15,000. So that is all from the state specific input that we put on that W-two screen here. Right there. So that's state income tax withheld. You see that breakdown between New Jersey and New York. They're in the same box. I do know that some people will also put them here. I just don't because these are override boxes, but you could technically put your state wages here, state income tax. I just like to put it in the actual box and only use the override boxes if I absolutely need to use them there. So we can go back to our slides. I'll stop sharing here, and I will put us back right here. Alright, so as I was mentioning, as a New Jersey, where we do a lot of New Jersey returns, we end up using that box 16 quite often, and this is when the wages for your resident state are more than the federal amount. So just something to keep in mind there. And as I was mentioning again for New Jersey, we just don't recognize as many pre tax deductions as the federal wages recognize. Poll number four. Poll number four is live. Would you like a personalized sales demo or consultation about what you learned in today's training event? Yes, please contact me or no, not at this time. So as a reminder, we looked at extensions and estimated taxes, amending, dispositions, depreciation, state specific input. We went through a couple of topics, things that you'll find yourself inputting in a return quite often. Would you like a personalized demo, more information about any of what we went through today? Yes, please contact me. No, not at this time. You can answer on your screen or in the poll tab. Either one works. This is our last poll of the event. Be sure to answer this one if you have somehow missed any of the other polling questions. This is your last chance to get a poll in. I will give you another five seconds or so. Five, four, three, two, one. So I hope you found this to be helpful. If that, survey has not popped up yet, it will be popping up soon. Please take some time to complete that. In the meantime, just remember that you are not in this alone. You do have support and community. Support from other Intuit accountants, you should reach out to accountants.intuit.com/support/en-us. You'll have the ability to search through program guides, resources, get answers to a lot of the questions you have, on ProConnect. You can also explore the community, connect with experts and tax pros like yourself. See some of the questions that they are in asking, get answers to your questions, get inspired. You can see those things at accountants.intoit.com/community. If you are looking for more free training and resources like this webinar today, you can access the Education Center at the address below. You'll have access to live webinars, recorded webinars, decons, which can be extremely helpful. You can also get a bunch of CPE over just, the course of a day or two, self paced modules and important articles. The Tax Pro Center is also available for you, lots of great articles, especially around this time, but lots of great articles on trending topics in both the tax and accounting industry. So be sure to bookmark that tab as well. I hope you found today's webinar to be helpful. Of course, if you have any questions that you have not gotten to answer, try to squeeze those into the chat. We'll answer as many questions as we can. Otherwise, this has been an absolute pleasure. Thank you so much for enjoying and joining me today. I hope this was enjoying for you. Have a wonderful rest of your day. Be well.