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Update. All of the descrepancies have been resolved. FYI- The amounts reported on the 1099K form are amounts either swiped, chip read, or manual input from the customers cards. This is a gross amount and not the amount actually deposited. Uber takes significant fees from the driver's which I knew. I think the taxpayer in this case led me down the wrong road by starting this conversation stating that Uber told her these were the amounts she received which was indeed incorrect. After I deducted the UBER fees, the amounts matched the bank deposits perfectly. So, note to self, don't let the client confuse you. I feel a bit embarrassed by this but will use the excuse that this all came about at a time when we were experiencing various technology issues and my brain was partially out to lunch.

Gaaaaa.....

Perhaps an unknown power has placed a hex on this return.

You are in good company, it happens to all of us at one time or another

"As of Jan. 28, the tally of outstanding individual and business returns requiring what the IRS calls “manual processing” — an operation where an employee must take at least one action rather than relying on an automated system to move the case — came to 23.7 million, the taxpayer advocate data shows. The number includes 9.7 million paper returns awaiting processing; 4.1 million that were suspended because of errors with stimulus payments, pandemic relief or other issues; 4.1 million amended returns; and 5.8 million pieces of correspondence awaiting action between the agency and taxpayers to resolve issues before the returns are completed." https://www.washingtonpost.com/politics/2022/02/11/irs-returns-backlog/ This is really bad! It's like a slow moving trainwreck headed downhill!

Only the portion installed within the 180 days would count. There are some special rules for exchanges involving build to suit property called "exchange accommodation titleholder" and the QI must hold the funds and title, because once client takes title the exchange is done. I don't usually post blogs, but this one has a lot of description and references for this. https://www.accruit.com/blog/can-property-improvement-costs-be-part-1031-tax-deferred-exchange

I am totally perplexed, "Why wasn't this post your original post?

Under Form Residency on state info did you click Resident? Then right below doesn’t the NYS county of residence drop down open? I wish they kept it the old way. Like the new 1040 Schedules, more work and time wasting.

Maybe we need some kind of been there, done that emoticon/reaction button.

Maybe the 40s. The 1840s.

I tried to delete the main form and it won't let you. I tried deleting the state form and creating another from the main form. The state form NYS IT201 does not open thru the main form. Ok - I'll open it thru forms menu. But now in the main form the county and school district does not populate in drop down box.

Of all the changes they could have made, they decided this was important?! And, one again, they did not even attempt to communicate that this was changing.

A recent WSJ article talked about higher probably of divorce due to age of marriage and cohabiting before marriage (especially mulitple partner cohabiting). Whew. Younger age and never cohabiting resulting is less divorce. Older marriage age and cohabiting (with spouse) or having multiple other pre-marriage cohabiting partners resulted in higher divorce rates.

Yes, but the cap was raised. ($10,000?)

I just want to add that all this EIC for retired people not of RMD age who are working simply for a little structure/something to do (3 of them work in my office!) ... receiving SS but living on savings to take advantage of these years of little/no tax on SS, is making me super anxious. Some of these clients have well over a million dollars in retirement plus some after tax assets. Just doesn't seem right. I keep waiting for the other shoe to fall. The return I just did resulted in an EIC of over $1,000 for a retired professor who is not yet RMD age. I triple check them every time thinking I'm doing something wrong.

All you have to do is to read the Qanon casualties reddit and see the daily carnage caused by those insane conspiracy theories. It's not all divorces (some aren't married). One lady's mom thinks her baby is going to be half human because the pregnant lady got vaccinated. We live in "interesting" times.

I never heard of it either. It definitely doesn't work in all areas. Like taking a 529 plan or IRA distribution in Dec of one year to pay tuition in Jan does not alleviate the early distribution penalty.