Leaderboard

I always add it as a separate line item on 'other expenses'. 481(a) adjustment, $xxxx.xx if expense, or as a separate line item in 'other income' 481(a) adjustment +$xxxx.xx if income

Using normal ATX, numbers do not flow from the 3115. You must input the 481(a) adjustment where it goes on the 1120S. It might be easy to program that for ATX, but when it comes to 1040s, where it goes depends on the activity the change relates to. Even in a business return, there may be more than one activity, and ATX wouldn't have any idea where to put the income or deduction.

Thanks for the warning.

I was able to come in early today and got right thru to support. They logged in my computer and fixed it. She also offered to download my 2019 program to see if I had any problems. Everything went great and we were done in 23 minutes. Best tech support I have had from ATX since the very beginning.

Works fine. In my opinion it works faster.

And I'm sure your clients like mine keep contemporaneous and accurate mileage records

I have run into this same problem with S Corporation clients several times in recent years. With my clients the problem arose because of a lazy salesperson who didn't want to do the extra paperwork told my clients they didn't need to register the vehicle in the corporate name. My firm policy is to make the client go back and have the paperwork redone correctly, which they have done.

Tech support has been great this year! Even calling back - altho on a Sat when we were done for the day...

Property taxes are not passed through separately. The estate will calculate its income and deductions and pass the net income through to the beneficiaries. If it held rental property, those property taxes are deducted from rental income on Sch E. If it sold the decedent's home and paid property taxes at the closing, those taxes go on the estate's 1041 subject to the $10k limitation. Please tell us specifically what property taxes the estate paid.

Well at least the response was pleasant enough. That's a start. They may not be correct but at least they were nice.

Guy shows up today with a 1095-A after I threw away my accumulated 10 or 20 pound stack of O-facts last month (I just thought I was through with that junk). Oh well, it's a (sort of) short form (8962) that Turbo didn't get -- now if only he was a millennial instead of 57. But I guess we're still in practice (at least 'til we kick the bucket).