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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

When you have support related questions, do you call Sigma or Drake? Does your efiling activity and download updates go through a Sigma or a Drake website?

@Abby Normal Is half year appropriate? My understanding was you get the full year (20% of total costs) each year. Am I wrong? Thanks for the appropriate classification. Tom Longview, TX

Both. The property was in Kentucky, so Kentucky wants their tax, probably on a NR Kentucky return. Wisconsin will tax his worldwide income while a resident, so it'll be on a PY Wisconsin return, taking a credit for taxes paid to Kentucky on that same gain from the sale. But, I don't prepare returns for either state, so can't tell you if Kentucky has a NRPY return as one return. Read the instructions on their website. Someone will jump in here who knows about a Kentucky NRPY return.

I buy via Sigma Tax, $999 for the last 2 years and the same next year.

I have a client who moved from Kentucky to Wisconsin in mid-April of 2023. He sold his farm and sawmill business and all related equipment located in Kentucky in May of 2023? Which state do I report the gains from the sale of the farm and business property to?

I'm at a loss why someone would want to track this manually rather than on a spreadsheet, but some options: In Amazon search for trading log book for numerous options. If you use comb binding for tax returns, make your own. Google custom book binding for any number of companies that offer that service.

I have purchased a few stock logs booklets and they have extra columns that I don't use. I want something simple like: Date purchased - Date sold - stock name - amount of stock - price purchased - total cost - price sold - amount collected - Profit/loss and notes. Do you know of any company that can make me those booklets?

Use Z-Amortization and 5-Amort-174-Rsch and exp and you'll get 5 year SL HY.

I am having withdrawal ever since the 15th. I would like to see these extensions disappear. I am so totally disappointed in the IRS for various reasons; many of you can relate. I am disappointed in ATX for pouncing on us before tax season was even (over?). I have since been bombarded with emails and calls and snail mail from them. They choose to attack when our resistance is at its lowest. I only want to sleep. I am fine with whatever Eric does for us. It can surely only make our lives better and easier. Thanks again to Eric and all of you for what you do for me.

Asking now before I start this return - before the board goes dark and I go into withdrawal symptoms..... Have any of you done the amortization of R&D costs on an 1120 return yet? I have one in my extended pile that I have been holding waiting for the Senate to act on the bill that is stalled. I have not even started the return yet, but I am curious if there are any issues with entering in ATX. I know it is a 5 year asset (but which one). I think it should be SL, but how do I keep ATX from taking mid-year? I am getting to this return in a couple of weeks and would appreciate any advice on how to enter in ATX Fixed Assets. Thanks - this is my first return with R&D costs. Tom Longview, TX

Any time is ok with me for the conversion business-wise, but I may have withdrawal during the downtime. As always, thank you for taking care of us so well, Eric.

Yes, Exactly!