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If applicable for each 1099 I do a Long Term basis reported, Long Term no-basis reported, Short term basis reported, Short term no-basis reported. I've been doing that for several years and have never had a problem. Some people may have 4-5 1099s so that still ends up being a lot of entries but nothing like the alternative.

The thing I detest is " I have a quick question". What the heck is a "quick question?" Does it mean it only needs a short answer, a one word answer, or what? Many the question has ro be reponded to with your own questions to clarify what the asker wants and other "quick questions" have required detailed explanations. I find it comes from people who know they are intruding on your time and using "quick" somehow softens the intrusion.

My take is that the second Schedule C may not be elgible for QBI. On this point it got pretty deep in the weeds. Glad I don't have a client in the situation. Good Luck !

I may be wrong, but I would start up where you left off, in order to keep track of depreciation for purpose of calculating exclusion of gain on future sale of this home.

First, I would allocate the total price between Land and Bldgs. Then I would divide the the Land total by 4 and the Bldg total by 4.

In many places the $1 is required to trigger the recording of the transfer. Like if you give your old car to your kid, DMV puts $1 sales price in order to transfer the title ($0 would imply the car was junked).

Bingo; that's the crucial part. Yes, good suits will run that $850. Custom three piece, double that price. But the thrift stores don't care, and won't charge more for a "bespoke" suit than for an off-the-rack Sears special.

That is not an unreasonable price to pay for a good suit. Even a cheap suit will run 200-300 at JC Penny. A good silk sportcoat will go for $300-$500 at a good retailer. I would not be surprised that someone who dresses well would pay nearly $1K for a nice suit. But then I am in CA, so maybe that makes a difference. On the other hand, Goodwill will charge about $50-$100 for that same $1,000 suit. Tom Modesto, CA

^ Yes, what Abby said. With multiple accounts, I have individual line items on the 8949 for each short or long grouping that ties back to each account, and I use a simple description something like "S/T - basis reported". The description is redundant since it shows in that section of the 8949 already.