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About ETax847

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  1. I cant believe this issue has not been resolved yes on the IRS' end.
  2. Concealed Social Security Numbers

    This is my first year suppressing the information on the Client Copy and the client feedback has been most positive. Hope everyone is having a smooth tax season!
  3. Form 5695

    Any word on when the IRS will update form 5695 and allow for e-filing of returns that contain this schedule?
  4. Client started a Go Fund Me page to receive help for medical expenses. Ended up receiving over $25k and received a 1099K for 2017. How is this reported on the tax return and should it be backed out because it is not income?
  5. NR CA 540 Help Needed

    thanks Lynn!
  6. NR CA 540 Help Needed

    Doing a multi state NR for someone who worked 5 days in the state of CA. Where do I put the income not earned in the state of CA to subtract that out? I'm not familiar with this state's NR return and am not certain where this adjustment goes. Please advise
  7. Has anyone been able to start on their clients' tax returns yet? It seems like most haven't even received their W2's yet, let alone the rest of their tax documents.
  8. Multi Unit Rental That Owner Lives In

    I was thinking one sch e to save on fees as well. Thanks
  9. Client has a multi unit rental and he lives in one of the 4 units. Do the other three units need their own sch E or can the 3 rental units be lumped into one sch E? Thanks and Happy MLK Day!
  10. End of Entertainment Expenses?

    I found this website that highlights the changes from 2017 and 2018 for meals and entertainment: https://www.dsb-cpa.com/tax-reform-meals-and-entertainment-changes-for-businesses-2018/
  11. Form 8582 - Worksheet 1

    Much thanks Hahn 1040! That did the trick!!
  12. Form 8582 - Worksheet 1

    I have a new client and I am trying to enter his 2016 info into my 2016 software so I can roll the data over. On page of form 8582, worksheet 1, column c, how do i enter in prior year's losses? It won't let me modify the field and the wkst1 tab won't let my type into it. Please help!
  13. End of Entertainment Expenses?

    Is my understanding correct in saying, if you take a client out for a business lunch, you still are able to deduct 50% of the expense?
  14. Sale of Principal Residence - Form 8949

    Correct, but under the non qualified use section, there is a "non-residence" factor. What field does this pull from? Thanks for your help,
  15. Sale of Principal Residence - Form 8949

    My client lived in his residence for 2 of the last 5 years, and rented it out this past year and now sold it at the end of the year.