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This is probably obvious but I just had to share it. In February 2013 I bought a new Dell Optiplex 9010 because my few years old at the time Dell could not handle ATX 2012 as we all remember that debacle. The 9010 had 2012-2019 ATX on it, and performed well, but slowed the last year. While doing a 2019 amended return I got a black screen of death. Was able to resurrect it but it kept happening. So my next thought (before reaching out to everyone here) was to get rid of ATX 2012-2016, services and all, since it's not really needed any more. Now the computer works great, ATX loads in seconds instead of minutes. This year I purchased an Optiplex 7070 Micro which is about the size of what my wife calls "a Billy Sandwich." At least something good happened to me this tax season.

I guess I should have expected this, Lynn...anything is possible when you throw in some $$$.

See Pub 946 - Since the GVW of an F550 is over 6,000, it is not listed property and 280F limitations do not apply - 5 year life.

Because the 10K was used as an ordinary rate tax deduction in the year(s) it was a rental. Because the house appreciated rather than depreciated, that 10K needs to be put back in as taxable income at ordinary rates (up to a max 25%).

You answered your own question with the link you quoted. The depreciation is taxed at a maximum of 25%, for as much of the depreciation as created a gain. Your other capital gain, in your case, is taxed at long-term capital gain. Follow the flow on the forms to see how it works in your case.

I never thought of that. I should have come here first. I do have all those past years on a newer laptop that works fine but will stop the services, after you tell Yardley how to do it.

Yes , the depreciation is taxed

Abby...how do you turn off the auto-start again?

Always suspect your security software first. Turn it all off and see if the problem persists. Some security software is hard to turn off but they usually have a pause feature. Or you can try killing the tasks in Task Manager. Have you tried (or even heard of) the ATX Database Repair batch files? https://support.cch.com/kb/solution/000048310/15000 https://support.cch.com/sfs/solution/000041746/000041746

You probably could have just turned off the auto-started ATX server services, because just having programs on your drive won't normally cause problems, unless your problem is drive space. But, computers are mysterious sometimes.

Yardley, ATX will now send an email or text to the client, for a fee of course. On the 1040 Main Info tab, scroll down to the bottom of the page and see the info on Versicom.

Keep in mind that where the money from the distribution went doesn't matter. If the person, spouse, dependent or household member was affected by covid-19, the distribution can be reported evenly for the next three years. She could potentially, roll over 1/3 before she files for 2021 and another 1/3 before she files for 2022 if her business gives her profits. If her business was shut down at the farmer's market for a couple of months, that's enough reason to be affected by covid 19.

It sounds like she qualifies for the 3 year spread on her retirement distributions. I would deduct the attorney fees, but the architectural fees are in limbo to be capitalized if and when the project comes together.. I would also deduct the business expansion related travel expenses. I have seen this before with clients who emotionally can't let go of a business failure.

schiralli, I really appreciate you stepping up and taking one for the team with this client. I know the law of averages kicks in at some point, but I have been really fortunate so far this year.

We made one of our clients call about it (we weren't going to spend the time!) and the IRS told her they'd eventually get to them all, but there were delays. Yeah, we've had the calls and emails from a bunch of people. I think from now on, I'm going to recommend using Direct Pay instead of setting up payments through the tax software. More t/p control, including lookup.

I think the license info doesn't roll over because we are supposed to ID everybody every year. I have also noticed that university information must be entered every year by IRS requirements and they don't roll over anymore. For my practice and taste, ATX is the best in the market. Stand alone installation, who opens the program knows what forms and what questions to ask (at least that's what I believe), interface and price look good.

I tried direct debit ONCE - on my own tax return. It did not end well and will never offer it to my clients. They are given vouchers (1040-V or 1040-ES) and advised to either send checks or pay online via IRS Direct Pay. I use IRS Direct Pay to remit my taxes.