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The first question that comes to my mind was how long did he live on the farm and does it qualify for the main residence exemption. Of course, the business part will have to be separated, which further complicates things. WI will tax him as a part year resident and tax him on the income made in WI. A part year KY resident is taxed on all income from all sources while a Kentucky resident and on Kentucky-source income. Therefore, the entire sale gets taxed to KY. KY does have partial reciprocity with WI, but only for salaries and wages earned in WI. I think that I could prepare this return, but am glad that it is you rather than me. BTW, you have to be domiciled for more that 183 days in KY in order to be considered a Resident.

If she is a half time student, the rule as I understand it is that the tuition follows the exemption, no matter who paid it. I would tend to give it to the parents. Many times, we figure it both ways and let them decide who to give the credit to, and who benefits the most.

I had a very similar situation recently. However she was a full time student living at home. The parents were paying her tuition over $8,000 and paying over 1/2 of her support. Claimed her as a dependent and claimed the full AOTC for the parents.

I neglected to mention she is NOT a full time student.

Does she qualify to be a dependent of her parents? https://www.irs.gov/help/ita/whom-may-i-claim-as-a-dependent

A former dependent now age 19 still lives at home but earns some $19,000 working in food service. She has reentered college and is shown as a half time student on the 1098-T she received. I am sure her parents paid her $2000 or so tuition but if I am not mistaken she will still qualifies for the AOC on her own. She is a degree candidate. Is this correct ?

I ran into something similar with an amended OH return. I decided it was easier to include a 1040X with no change and the explanation that it was being filed solely to amend the state return. Apparently OH requires a federal return to accompany an efiled return. Client received a letter last week from IRS acknowledging no change. Client is still waiting for the refund from the amended OH return.

I need to amend a New York State return. Don't need to do the Federal I prepared the IT 201-X and want to create the e-file it but I am getting an error that says "NYS return must be transmitted unlinked when transmitting IT-201X" How do I unlink the file? I don't believe I have seen this before. Thank you

I don't see a $295 version but if they had one I'd assume it is the PPR product but I know the $695 is the web based product that only handles 1040 returns. I get the desktop product that includes ALL the returns they handle. It says on their site: Our 1040-DR product comes in desktop and web based versions, if you need to file business returns such as Forms 1120 or 1065 you will need the desktop version. TW is Taxwise - I don't know what the SR product is for them. They used to resell Crosslink but holy cow that was horrific the time I demoed it years ago.

Just took a look at their site and the offerings I see range from $295 to $695. Just curious what are you getting for $999?

The smell and sounds of a printer is one of those favorite things for me. We had a printer really close to our office back in the 90's and I was the lackey who would get sent over to have something printed and loved that smell. Only thing better is a barn.

I have access to the Knowledge Base, not the forum. Even when I was using the software purchased directly through Drake I never used their forum. If I can't find a specific worksheet or where / how to enter something I go to the Knowledge Base site and have detailed instructions very quickly.

I am wondering that as well. Also, do you have access to the Drake forum?

Isn't that what Excel does, with speed and accuracy? I know, sometimes it feels like you're more connected with your finances when you interact with them manually. I still keep a paper checkbook register and balance it almost monthly (tax season doesn't count).

Part-year residents are generally taxed on income earned in the states they lived in in each part of the year. Check the two state websites. In the states I am familiar with, wages, interest, dividends, etc. are broken down by which state the taxpayer lived in when they were received--there is no credit for taxes paid to other states because each one only taxes the income received while t/p was a resident. If your client was truly a resident of WI when he sold property in KY, it will probably still belong on the WI return. Only if he was a full-year resident of WI would his income be taxed a WI rates with a credit for taxes paid to KY.

Old college professor of mine said "You only start to understand thermodynamics about the third or fourth time you teach it."

I ended up sending a letter for my case. we're now past the "response date" of the letter and I started mine out stating that I've been trying to get through from about a week before the response date. If the IRS never answers the phone, they cannot then say the t/p is SOL because they did not respond in time.

Might not matter where they still had their residence at the time. States vary, but over time more are taxing full-year income regardless of where earned. Then they adjust based on % earned in what state, or $ earned in each state, or they apportion by date. Home state will give credit for tax paid to another jurisdiction, usually up to the amount they tax on that same income. You'll need to research what KY and WI want for part-year resident reporting.

An office support place like Staples or Kinkos, or a local stationer, can make those for you in whatever format you want. Talk to a local shop to see what format they want you to provide, and about options. Hubby needed some specific type of scorebooks that were commercially available 30+ years ago but not for a long time. He took an old one to a local place, asked "can you make me more of these?" and they could not only make them, they gave him the choice of glue-bound or spiral-bound, paper color, page count per book, quantity, etc - all for what he considered to be a VERY reasonable price.

Thank you, @Eric, for everything you do for us. Do you need any donations at this time to fund the new server? If so, please let us know!

So this means if I am having difficulty finding a specific worksheet, I can't call Drake Support ?

Since property is in KY, it is taxable there. Since it was only one month after they moved, I'd look to see if they were WI resident at the time of sale. When did they change such things as drivers license, car plates, etc.

Thanks. I will double check my material. I probably read it incorrectly. Appreciate you! Tom Longview, TX

I would call Sigma. My experience is the people you call are terrific at fixing computer problems, not tax problems. They'll try and help but you aren't getting the best answer if you need help with real tax questions. I've never called with real tax questions but that's just my interpretation from talking with them. If it's not printing, they'll be great with that type of problem. All efiling and downloads go directly through the software to / from Drake. Once installed, you can't tell Sigma is involved except their logo shows up on the initial log-in screen.

Both articles I read said it was half year, and I tend to assume ATX has it right. https://www.journalofaccountancy.com/issues/2022/nov/amortizing-r-e-expenditures-under-tcja.html