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These 0h Rita titles always throw me off: No way I have made 37 errors already shut up.

Thanks, will do. That's my "final answer" after "polling the audience!"

I think you'd have to split the investment income to be proper, but I've never had to research that. As an aside, this is one of the reasons I discourage joint investment accounts. The other is when one spouse dies, it's much easier to see the basis step up.

Schirallicpa - the client does not have to pay back the extra EIP received. While the IRS might say to return those extra funds, there's no payback requirement in that stimulus package.

I will say ATX has been warning us for years that they want the vehicle info on the FA worksheet and not anywhere else. We have been warned. Tom Modesto, CA

Someone suggested it in an earlier post. Type Services in MS search box. Page down to Print Spooler. Right click and click on stop. Repeat and click on start the 2nd time. I also got a new printer, HP Neverstop 100 (with a new computer). A small end printer. I don't know which one actually helped. The verdict is still out as I do more returns.

I read somewhere and cannot find it again...the difference has to do with not letting the mortgage interest and property tax produce a loss for the sched C when taking the standard deduction.

YAYYY! I'm a ROCK STAR for a moment!

Go to the Form Sch E, page 1. At the bottom of the page, click the Loss Limitation Input tab. Select the Check ("X") to enter prior year At-Risk or Passive carryover amounts check box. I had to do this with a new client. It worked fine. Grace

Hmm, I would divide it as being 1/2 to each. I checked Pub 17 under interest income and found this, Ch 6, page 54:

someone is paying tax on it but they also are getting a stimulus payment that they are not entitled to. If joint account I would split the income from the investment account.

Abby's suggestion also include deletion of any print jobs that might interfere.

If it is in joint name, I would think that each of them should get half of the income when you split the return. I doubt it would ever be caught, unless audited. I don't think the IRS matches to that extent. But is it right and ethical? I don't know.

Excellent point

Schirallicpa - I think that is what happened with one of my clients too where wife died in April 2019. He says he always makes a partial, rounded deposit of checks he receives, and he deposited $2,000 right around the end of April 2020 when he would have received EIP#1, and then didn't get the EIP#2 at all. I filed his return with him getting his full $1,200 for EIP#1, -0- for EIP#2, and claimed the RRC for the $600. No way to even include anything for the wife now since he is now filing as single, not MFJ.

It's probably a good thing the software does. If there's a time lag, it forces us to open the return and get it updated. I do like Abby, compare to my earlier pdf return to see if there are changes.

Drake suffers from this also.

I've been doing the same: "X" the error window, save the tax return, close ATX, restart ATX. Clicking OK on the error window prevented ATX from restarting until I rebooted my computer.

I usually change printer on ATX and continue working and printing. Today, I couldn't print, so I click OK to the printing error and I printed a single pay. It went through, so I thought the issue was over. I sent the big print job and this time ATX crashed. So, maybe the issue is not ATX but the printer. Blaming the printer makes sense because this is issue is not widespread. I am using M670 HP print, I THINK.

net stop spooler from CMD as admin. net start spooler to put it back in action.

The taxpayer should have additional info i.e. a letter from the Dept referring to the specific program under which the loan was cancelled

If the tax is right on the return, regardless of how I got there, I almost never amend the return.

Alright. I sent three returns for clients who didn't want to take advantage of reporting the early distribution over three years. I used Form 5329 only. They were accepted. THEN I happen to read on the ATX Form 5329, under Part I, that we don't use this Form for coronavirus related distribution. I noticed just now that the IRS pdf for 2020 Form 5329 does not have that instruction against using the form for coronavirus distribution. Just throwing this out there. No idea if we that used 5329 should amend to include 8715-E or not. I have three others that I will hold onto and use 8715-E. And yes, I have tried to dissuade folks from shooting themselves in the foot by not spreading the income over three years. They have already shot themselves in the foot by taking distributions they didn't need while the market was down. There's no helping these folks: "Oh, your hours were cut causing your income to be 4,000 less. It makes perfect sense to take out 90,000 from your 401k. Ok."

I read last night that since the bill did not make it into the American Rescue Plan as an amendment, that it would not likely pass before the April 15th due date. So, I think I I will get these returns processed. Thanks for the responses!