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October 10, 2025 12:07 pm
What is best practice for plan start date values if one starts a plan now, 10-10-2025? What if the client doesn't know her balances as of Jan 1, 2025? Thank you.
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@alevgreatvalleytax-com In that case, my recommendation would be to set the start year as 2026 and make an educated guess as to the balances at the start of 2026. Then on January 1, 2026, you can do an update based on year-end 2025 actuals. On the Build > Scenario Assumptions > Tax Assumptions page, make sure to check the box for "assuming OBBB is active" and deleting the expiration year for TCJA.
Stuart
