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The US Treasury website does the exact same thing and it is free to use. I would be skeptical of the claim that the banks don't compute the interest correctly. I bet they use this site too. http://www.treasurydirect.gov/

Like Abby said, you can get the reports from the 4562 tab. If you're talking about the Fixed Asset tab, you can highlight an asset, and hit the print page button. This will give you a pop up menu to check all the reports you want. Unfortunately, you have to go to each asset one by one. These are nice reports to have but too time consuming if there are a lot of assets.

I own three laptops and all are Dells. Two were purchased refurbished with new RAM and SSD (will never go back to a regular HD after going to SSD). Why would you need 32GB unless you are playing video games or manipulating audio / video / photos? Mine all have 8GB and never have any real slowing. I'll run 2 different tax programs, citrix and listen to audio all on it at the same time without any real slowing. Lenovo crapped out on me quickly with the plastic case falling apart right after the warranty died. Local guy told me it is pretty routine. HP is constantly bloated. My Sony was awesome - still play really old games on it. If I were going to try anything but Dell it would be Acer or Asus. We have one in the office to just run Citrix and it's been doing fine for 3 years.

A client asked me questions about EE bonds purchased many years ago. She wanted to know if they could be donated to her church and how much interest had accrued. Well, EE´s can not be transferred and to get the answer to the interest question, I found it here - https://www.savingsbonds.com According to them, banks do not necessarily compute the accrued interest properly and the website provides a calculator. There is a free period and after that, $5.95/yr. Buy 2 yrs and get the 3rd free. With all the other information they provide on savings bonds, it seems like a real bargain.

The original post says an exchange for $$$$. If exchanged for cash, it's a sale. If exchanged for the new stock, nothing is reported except cash received for partial share (when the exchange equals something like xxx.33 shares, cash will be paid for the .33). Okay to report that with no basis, since it will usually be minimal and allows for the new shares to retain the original basis of the old. This client has to find out the original basis, because it will become the basis of the total number of new shares. Catherine's link should help determine what the new per share basis is, but the starting point is the old basis. If dividends were reinvested, those get added to the old basis. Have fun! Actually, I've been handing these messes to the broker and asking him/her to calculate it for the client. They have the fancy software to look up CUSIPs. It's hard to find historical prices for stocks that no longer exist without the data they can access.

Problem solved. Solution: 1. Duplicate tax return. 2. Recreate efile. 3. Transmit Return was accepted within an hour.

cbslee's first post about basis issues and gain or loss calculation is correct. As far as the investment interest expense, it must still be carried forward and is subject to the usual limitation. In other words, it will be allowed when the taxpayer has sufficient investment income to allow it. A gift of property is not considered a disposition since it does not result in a taxable transaction.

No cites, but to best of my knowledge: 1. Unused Investment Interest continues to carry forward. 2. When FMV at the the time of gifting is less than donor's basis, then the FMV is the donee's basis for the purpose of calculating a loss. 3 When calculating a gain, then the the donor's basis is used. 4. If the donee sells the land for less than the donor's basis but more than the FMV, then there is no gain or loss.

All the reports you should need are part of the 4562 form. We us the Tax Classification report mostly.

That is a very informative site. Well worth bookmarking for those times when clients ask questions about savings bonds. The $10K per year limit on EE beds with a guaranteed 3.5% rate at maturity seems low, but a couple in their 40's building a bond ladder would certainly want to give it some careful thought. It's strictly a long-term play, but not unreasonable for the fixed income, no risk allocation of a retirement plan.

Eric updated the TOU for us to include the statement in red that has always been our policy. Every new member sees this as part of the registration process. Thank you, Eric.