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How can I enter restricted stock units (RSU)?

Question: How can I enter Restricted Stock Units (RSU) into Family Law Software? Answer: Restricted stock units are promises by the employer to grant specified numbers of shares of stock to the employee in the future. Typically, restricted stock units are granted over time, following vesting periods. A restricted stock unit (RSU) may be forfeited […]

How can I enter capital loss carryforwards?

You may choose one of two approaches: 1. View/Edit Taxes. One approach is to figure out how much of that carryforward will be able to be deducted each year, then open the report labeled “View/Edit Taxes” and enter that amount as a negative amount in the row for capital gains and losses. The "View/Edit Taxes" […]

How can I enter data from a K-1?

There are partnership K-1s (Form 1165) which are different than S Corporation K-1s (Form 1120). In both cases, typically, the most important numbers are on lines 1-3. You can enter ordinary income and guaranteed payments as Business income, and specify the type of business as partnership or S Corp as appropriate. You can enter rental […]

How should I enter restricted vs unrestricted stock options?

A stock option is a right in which the company gives the employee the right to buy a number of shares of the company’s stock, usually at the current price. Let’s say the price when the option is issued is $100 a share. If the stock price goes up by $10, say, the employee has […]

How do I show a retirement from a business, or sale of a business?

Go to the “more info” screen for the business. You will see a question about whether the business owner will retire or the business will be sold. the question is worded this way so it can cover both retirement and sale. This is where you enter a sale or retirement date. If the business has […]

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