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I'd go with 1099-SA, but also yes, those dividend pages. Amazes me that the same people who will upload both sides of W2s and every other form that jst has garbage on the back, but don't upload the rest of the 1099-DIV pages. Everything with numbers please! And of course, that "proof" that the kids live with them.

Yeah, based on what she originally gave me from her contractors, which was a vague "we qualify," I had told her not. But thanks to Dennis' link, her product was one of the ones listed, so she does qualify! Very happy new client, and me too - except I wasted a lot of time going down the rabbit hole on this one, and on one other client with a somewhat similar situation. If the manufacturers are specific on their certification - as they should be - this would be a lot easier. Although sometimes in the past it's been finding the right line because item A and item B, which seem the same to my non-engineering mind, go in two different parts of the 5695. Overall, I applaud the idea of these energy credits, but have come to hate dealing with them.

He has CA sourced income and would file a CA NR return to report his income and withholding. CA wants their tax at their very high tax rates!

1098-T. Many of the forms are scarce because the issuers want to bail out of printing them and paying postage. When you ask the client, either he doesn't know he has them, or else you get: "Oh yeah, I've got that right here on my phone!!" [Scroll...Scroll...Scroll...Scroll 95 more times] 20 minutes later they hand you the phone which you can barely read. "Can you print this out?" "Oh no we don't have a printer anymore. We keep everything on our phone!!!"

1098-T

This year everything! If the clients head wasn't attached we would have to ask for that also! LOLOL!

Detail pages for dividends - the crucial bits, that show the foreign amount (for foreign tax credit), the federal percentage of dividends, the state breakdowns for tax-exempt interest or dividends, etc. No, I don't need or want the "preliminary" or "summary" statement that's 6 pages. I want the 28-page extravaganza that looks like boilerplate mixed with gobbledygook to the client. And the 5498s. Not exactly a form, but the bursar's office printout for all college costs.

Ours is the 1099-SA and 1099-INT's. With the 1099-SA being number one. Close third is the year end investment forms (1099-DIV, 1099B's). With those, clients seem to forget to bring us "ALL" pages of those statements. Always just the page showing showing interest and dividends. Always missing the 1099B part. And its always the same clients no matter how many times you remind them. But the 1099-SA and INT are our most.

FOMO will be next year when my glass is almost empty and bribes for the bartender will be flying left and right.

Any client who changed brokers, be sure and compare dividends from the previous year. One of mine who switched from Wells Fargo to Merrill Lynch, went from $5,000 in dividends in 2022 (and no stock sales) to zero. I have one consolidated 1099 from Merrill Lynch with no stock or mutual fund sales (interest only). Obviously a 1099 is missing...and good luck getting something from Wells Fargo once you close your account.

chicken phonetics for pollo is polo.

Correct Yes, for MFJ the lower limit where phase out begins is $100K and the potential to claim any loss under this special provision is phased out at $150K. Basically the potential $25K loss allowance phases out at $1 for every $2 when MAGI starts to exceed $100K. Those amounts are halved for singles and MFS living apart all year.

I am seeing many of the problems I've described with Schwab are in the process of being corrected, caught up, resubmitted, etc. To the effect that all will be well, especially for those who haven't filed yet. Some time ago I opened a post that tax season was getting shorter. We have LLCs now due March 15th, and if you have to wait until after March 1 to make appointments with clients who have brokerage statements, you have to cram those appointments into less than 45 days. I would estimate that 2/3 of my clients have brokerage statements.

The $25,000 begins to phase out when MAGI exceeds $100K and is completely eliminated when MAGI reaches $150K. I don't think you are using MAGI and the loss properly in your calculation above to figure the allowed portion of the loss. ATX should have a worksheet that shows the calculation of MAGI and also the phase-out and/or allowed portion of the loss. Here is a link to the 8582 instructions. A description of the calculation for MAGI is found under the heading "Part II - Special Allowance for Rental Real Estate Activities With Active Participation" https://www.irs.gov/instructions/i8582#en_US_2023_publink1000278151

1095-A. Whether they have a subsidy on their insurance or not, I have got to have that form or the return will not go through on e-file. Year after year, they "forget".

A check

The referenced website is for the 25C credit for Windows and Skylights. Eligible windows and skylights must be labeled "Energy Star Most Efficient 2023". However, the requirements for that label changed from Energy Star V6 to Energy Star V7 on October 23, 2023. Anything manufactured after that date must meet the new requirements (detailed here). The website only recently removed the old requirements, and it's not clear whether they still list products that meet the old requirements (though they would still qualify for the credit if manufactured before Oct. 23). But this post is asking about the requirements for the 25D Residential Clean Energy credit. All that is required is: It appears the manufacturer is saying that the skylight generates electricity which is used to open and close the skylight. In any case, I don't think tax preparers are required to be experts in efficiency standards, etc. The instructions for Form 5695 for both credits say that: So if the taxpayer has a written certification from a reputable manufacturer that the purchase qualifies for a particular credit, that would be enough for me. The problem arises when a salesman tells them it could qualify for a credit, but they have no documentation.

Farmland preservation credit - based on acres enrolled in.. and no income limits - changed about 5 years ago - based on $$ program you are enrolled in adn # of acres. So her/their (when Dad was alive) generated the $1,875 a year. That is 3 (now2 years) x 1875/6 siblings - he is wasting! $600 - let it go!!?? I work hard to make that much! D/WI