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If one more person....just one; comes in and starts in on what all's gonna happen; I swear I'll either overdose on a bottle of Germ-X or throw myself out the window (even if it is only a one-story building). (Not that I, myself, haven't already mentioned every possible dire consequence in the world 'til my other half finally told me to shut up.)

Ever since this started, I have wondered if Chaz, Janitor Bob's friend that stands on the corner and drinks warm Corona, has anything to do with it. I don't know about drinking corona warm - does that cause disease?

Because prize drawings are not gambling. That's why it's not on a W2G.

I can admit, I'm completely lost when I look at a tax return anymore. Nothing is where it is supposed to be.

I prefer Dos XX.

1. The transmission rate is several times higher than the flu. 2. No one has a natural immunity since it's a new bug 3. There is no vaccine for another year or two 4. The mortality rate is somewhere between 10 to 30 times higher than the flu. 5. The 250 positives is illusory since many sick people have yet to be tested. Tom, I hope you're right, but it doesn't look good.

2019 is better than 2018 which is a real mess.

No, it's not. I had sale of residence converted to a rental earlier in the season. I had converted the rental to personal use (they stopped renting, knew they were selling), and I have a feeling that might help you. I entered the whole kit and caboodle on the Sale of Personal Residence tab. In general, (any reporting of a sale of residence on that tab), I don't know why ATX won't account for sales commissions incurred on the sale, but will increase basis by sales commissions incurred on your purchase. (On the Sch D - they do show on the worksheet).

121(b)(5)(C)(ii)(I) is the exception to nonqualified use. After 2008, NQ use doesn't include any use after it stopped being the personal residence. I think all that will be taxable is the depreciation recapture. Now you have to figure out how to make the software do that.

I haven't done one, so it's not in my memory which way is which, but it depends on if the rental was before or after the personal use whether you get a percentage of the exclusion or the whole exclusion (except for depreciation). Look it up to make sure ATX is doing it right. "Period of Qualified Use" might be the term.

Thanks for the article. The improvements do meet the definition of qualified leasehold improvements so sec 179 it is.

Yes, I realize that but if information is not available then paper it will have to be.

You may be able to use Sch E, depending on state law. It's been a couple of years since I posted this in answer to another reporting question about a husband-wife LLC:

How many thousands was this refund?

Correction: Looked at the wrong chart on Trust/Estate LTCG. It is 20% of $12500, so the LTCG will only be about $7500.

wish they would extend the 3/15 deadline

"We know what the result should be, and if the" (result) "doesn't match our expectations we have to figure out how to tell it" (the software) "what to do." I should save this for my potential customers who expect obtaining and using software will make them competent. My usual example is obtaining an MD's travel bag and contents does not make them an MD, but I like this one better. Experience, training, and (what used to be) common sense are always in demand.

Never was a more true statement made. Tom Modesto, CA

Yep. We have to know the tax code and the software code.

I think we're all bumping into these types of issues at this time of year. We know exactly what the outcome should be, but how to tell the software? I spent the good part of the morning on a return with foreign income exclusion. That was the easy part, fighting with the software took a lot longer. Diagnostic that address was incomplete. Well, I didn't enter a city or state because she lived in France, duh. Same with employer EIN. I just kept going to the help screens in UT and eventually got it worked out but it took a lot of time. These types of events show why we are tax Professionals. We know what the result should be, and if the form doesn't match our expectations we have to figure out how to tell it what to do.