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Careful there... pardner... She has a shovel, and knows how to use it. Rich

Rita B is a Young Gun??? Really?

WHEN WE GET TO THIS STAGE WE WILL KNOW IT IS TIME TO PACK IT IN. ABBY IS JUST AHEAD OF THE CURVE.

Eh? Try again, laddie!

CAN YOU HEAR ME NOW?!

Congrats Abby!!! I vote for the wine bar.

Congrats on being able to sell your practice !!! May you have the retirement of your dreams!

"TCJA changes alimony tax treatment only for alimony orders pursuant to an instrument of divorce entered after December 31, 2018. Couples planning to divorce may want to hasten their proceedings — or at least their drafting and signing of divorce instruments to take advantage of pre-TCJA alimony tax treatment. An instrument of divorce must specify periodic payments and the parties must reside in separate households. Experts believe an instrument signed before December 31, 2018, will qualify for pre-TCJA tax treatment, even if the divorce is not yet final. If the parties sign their divorce instrument before the end of this year, they can also agree to pre-TCJA tax treatment for any subsequent modification of their alimony arrangement. In that way, couples who sign an alimony instrument of divorce before December 31, 2018, can preserve the deductibility of alimony far into the future."

You'll have to speak up, sonny!

Thanks! This has made me think about who will be on this forum in 10 years. Young'uns like @RitaB and @Possi will be, but a lot of you are older than I am.

TValue says it's 330,308.81 using 3.5% rate. I saved this file in case you want another rate.

If you have Excel, use F1 for help and search for "XNPV", then click on the link there for the instructions for that function. Scroll to the bottom of that article for an example of how to set this up. You'll need to enter the discount rate too.

As of 1/1/2019 alimony is not deductible by the payor and not included in taxable income by the payee.

Ditto on the macros. They are a game changer if you want to step up your efficiency (and therefore increase your profitability).

There is a reason why the opposing party wants to go final on January 4, 2019, instead of November or December 2018.. So the Alimony is NOT deductible.

Thanks

He's digging for any dirt he can find?

I can only tell you that, for me, I wouldn't have needed to run both simultaneously. My switch occurred in Feb of 2013 when I wasn't willing to risk waiting out for ATX to correct all of the problems in its 2012 program. I went to a Drake sales presentation that was mostly an overview of the input process, and I also checked the 2011 returns that Drake converted. Those 2 things gave me a pretty good introduction to what I needed to know, and I jumped into tax season from there. Drake also has some short training videos that qualify for CPE, and also has video presentations on input of specific items in its help section that new users may find helpful. YMMV.