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If I understood correctly from the NATP seminar this week it boils down to how involved in the rental you are as to whether it counts for QBI. If you use a management company, you cannot claim the rental as QBI. If you do not, and you act as the management company you probably can. But then again, facts and circuses.

First the the 20 % PTE deduction is taken on Form 1040 on the lower of QBI or Form 1040 Taxable Income. Therefore you could have positive QBI and zero taxable income resulting in a zero PTE Deduction.

Thank You ! would be nice if they used the same word!

I have Windows 10 pro and mine loaded ok. Have you tried a reboot? I ask that because I had problems loading the conversion program but after rebooting everything worked fine.

Oops. It looks as if I have made an error and confused clients. Have patience you too will get older.

First question is WHY is he getting a W2 from a partnership he owns? He should be getting "guaranteed payments" on a K-1, subject to SE tax. At first glance there are more problems than merely "does this get the reduction" going on.

There are a number of cross-border tax preparers. Here are two of them with offices in the US and Canada. Buffalo Cross Border Tax Preparation & Accounting | Marlies Y ... https://www.hendricksusa.com/cross-border-tax-preparation-accounting Cross Border Tax Preparation & Accounting With Marlies Y. Hendricks: Who Files U.S. 1040 TaxReturns? ... USA (NY):, (716) 694-3500 ... 65); married filing separately $4,050 (any age); single dependents if dependent's unearned ... While they are also subject to Canadian taxes on the same income, the foreign tax credits ... US Tax Services www.ustaxservices.ca/ US TAX SERVICES: A Toronto-based company that successfully helps ... priced below competitive market rates for expert work and in Canadian dollars. We also ... Cross-border tax analysis and planning ... Toronto's "local" Social Security office Niagara Falls, NY & ONLY the SSA record name/TIN must be on a tax

Call support on Monday morning. It may be that your anti-virus program is blocking it and that you need to list Drake as an exclusion or indicate that it is allowed.

In the first line, of the first post, it mentioned over 3 BILLION hacks.. The Equifax heist gave them all the keys. There will not be a system that can't be compromised.... It will just be a matter of time. This year, MFA. Next year.. MFB and the year after that, MFC, Etc. We should be lobbying Congress to change the rules to remove liability from folks that get hacked for less than, say, 10k records. If you have between 10k and 1 million, your liability is this, and above that, then your liability is TBD. I am not that worried about my practice being hacked, yes, I could be one of the unlucky ones, but, I think it is much more likely that ATX or CCH gets all our client records hacked... Rich

Well, .

I must say, you gave your buyer a fantastic deal .

Not so fast grasshopper. Let us remember the list of proposed technical corrections to the TCJA, on which Congress has shown no urgency to deal with. Same Old Stuff !