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Hey, they must be friends or relatives of my clients...or use the same barber.

Even if it was held for investment purposes, say for it's potential to appreciate in value, unless it had some income-producing component such as a rental, then there would be no depreciation allowed. The classification really boils down to intent. I'm curious how carrying costs on the property handled? If capital property, was the election made to capitalize the carrying charges, and were the elections to do so included with the 2017 and 2018 returns? Were those carrying charges expensed?

NO. For the distribution to be considered a QCD, the trustee must pay it directly to the charity.

Yup! Got that covered! Thanks!

I would definitely consider it Investment Property. Then there is the question of whether there were any 2017 or 2018 expenses that need to be capitalized. If so, would filing 2017 & 2018 late returns offset the late filing penalties for the S Corp?

I figured out it has something to do with the midquarter convention, but I still can't get the number to be exact. When I use the MQ DDB tables, I get closest to what ATX is calculating. Still not exact though. The other two I referenced earlier as being off as well, were spot on when I used the tables, so it's gotta be something with special about that Ford Focus. Anyways, thanks for your input Terry D! I'm close enough to keep trudging along.

I guess that depends on the total amount withheld and what 15% equates to and whether she would receive a refund of that withholding? With that said, as a non-resident of Canada, I don't think you are required to file a return in the majority of cases...yours being one of them. However, here are a few articles that hopefully provide a bit more information: https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/individuals-leaving-entering-canada-non-residents/non-residents-canada.html https://www.taxesforexpats.com/canada/us-tax-preparation-in-canada.html https://turbotax.intuit.ca/tips/how-are-taxes-assessed-for-u-s-citizens-working-in-canada-347

If it is inventory, wouldn't that make it ordinary income? Whereas investment property would qualify of capital gain treatment? Or maybe not. I don't know much this time of year.

I share similar sentiments to Abby. I have found ATX support has improved tremendously from where it was just a few years ago.

That's the thing about opinions, everyone has one.

Yup, this is the crap we have to put up with. CCH/WK is a greedy worthless corporation. The website for ATX support is like hidden from the world (took me 4 trys today to get into it). Support is a joke. I think they realize though that if they kill ATX, none of us will go to their other products. Just my humble opinion. Tom Modesto, CA

Another reason I am glad I left ATX. That's ridiculous to charge if the OP paid for unlimited e-filing when they bought the software.

>>>>>>In looking over the mess, what they actually have is a sole prop with a consultant (the buddy). I now have a POA for the whole mess. My thought is to re-file (amend) the p'ship return as calendar year, all zeros, marked "initial" and "final" and amend the personal return to include the Sch C. Explanatory statements for both to be attached. <<<<<< Catherine, this was my initial take that this should have been a disregarded entity and I see you caught that. It sounds like your method will work and hope the explanations are actually read and understood by someone in the IRS. As Margaret said, I hope you get paid well on this one especially at this time of year.