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Why is the the living trust filing a 1041 while the grantors are still alive?

A trust doesn't have itemized deductions for medical. That goes on the 1040. For a van to be deductible, you must have a letter from their doctor and then they only deduct the cost of modifications.

I didn't call. I've tried Support twice in 12 years and both times ended up more frustrated than before I contacted them, so I just figure out workarounds.

I seem to recall that happening to me once some time ago. I deleted that return and rolled over again. It was fine then. A one shot event for me. Also pointed again to how we must be aware of what's happening and what to expect as an outcome. For me, I typically do a quick review of client documents and have a (really) rough idea of expected bottom line. Such things as a note for QCD and a state deduction or credit which doesn't show up alerts me to something I may have missed. But really not nice to have data that shouldn't be there before even beginning. Did support have any clues?

Sch. 1, line 8r is specifically for taxable scholarships and grants. It no longer goes on Form 1040 line 1 as that is for earned income only.

In case anyone else wants to see it: https://www.irs.gov/businesses/mef-filing-error-with-form-1065-schedule-k-1-line-20-code-zz#:~:text=The Partners Instructions to Schedule,of Box 20 the partner Q. I receive an error in Form 1065, Schedule K-1, Line 20, code ZZ, when I try to electronically file the partnership return. How can I fix the error? (added March 21, 2024) A. The Partners Instructions to Schedule K-1 of Form 1065 for 2023 provide that Code ZZ “Other” in Box 20 contains “Any other information you may need to file your return not shown elsewhere on Schedule K-1.” If a partner receives a 2023 Schedule K-1 from a partnership with information in Code ZZ of Box 20 the partner should follow the Partner’s Schedule K-1 instructions in reporting this information on their return. There was a programming error impacting e-filers of Form 1065 for 2023 that blocked e-filed partnership returns from using Code ZZ. The IRS encourages e-filers to extend the filing of their Form 1065 returns and defer until June 16, 2024, when we estimate that the Code ZZ issue will be fixed and Code ZZ can be properly e-filed in Box 20 of Schedules K and K-1. Page Last Reviewed or Updated: 21-Mar-2024

I think that the amount on the form 3922 will be the basis if/when the client sells the stock. It is probably restricted stock or not publicly traded so they may only have limited opportunities to sell. I have a client who did not keep that form, and it was a long conversation with her trying to figure out when she acquired the stock and what the basis was. Tom Longview, TX

I think each school is required to provide the information based on whatever, % of their cost, geographical area, I don't know how formula is created, but I've seen such info on college websites back when our kids were students. https://www.glassjacobson.com/blog/529-off-campus-housing/

I found it. It's a 1065 problem, not 1120-S. I was searching for the wrong thing! Okay, I guess that still means I'm crazy ... just in a different way than I originally feared. Deep sigh.

Bloomberg article today about the status of the bill. Still very iffy to pass or even come to a vote. https://www.msn.com/en-us/news/politics/bipartisan-78-billion-tax-deal-hits-gop-roadblock-in-us-senate/ar-BB1l5LVE?ocid=hpmsn&cvid=4aec1985a28f47e68dda2a10d5257964&ei=41 You can search it on MSN if you don't want to click the link. Tom Longview, TX

His name only

We have a number of clients that pay this way. We've never had any significant problems with the federal, but have had some with the state in past years. This year it seems to be working OK.

What was the culprit? I would have done what Margaret did. Delete, go back to 2022 program, open, save. Then back to 2023 program and rollover again.

I think they are talking about letting the charity use it tax free. At least that's how I read it!

Like Catherine, I switched to Drake back in 2012. My love for Drake cooled last year to 'like' and this year had cooled even more (NOT a fan of the new owners). Fortunately, I have not experienced the crashes/freezes others have. Nonetheless, I've had tons of issues that didn't exist a couple years ago. Three weeks ago I was ready to look at alternatives after several disastrous calls to support. Don't know what happened, but the software has been working a lot better for the past couple weeks and the last two support calls were handled by someone who knew their stuff. I'm relieved! I'm too old to switch to something else. Now, fingers crossed the improvements last.

I don’t have a definite answer for your question, but I’ve usually followed the “when doubt, file” rule, even if there’s no tax due. At least that starts the SOL clock running.

My clients so far have been reasonable but a few - the few - seem to take offense when I ask about missing document X and list of Y expenses. And get annoyed when I have to remind them again after they inquire as to the return status. Just a few cranky folks can spoil the day. Then there are the super nice ones who express real gratitude - they are a gift.

No, I'm firing clients, telling them to pick up their folders if they don't want extensions! (I do have a local guy with availability who'll pay me for clients, if I'm in a mood to make a referral.)

Maybe some deep breathing exercises, imagining yourself at your favorite vacation spot would help

And I busted my hindquarters all afternoon on Monday and got abso-bleeping-lutely nowhere. Might as well have gone to the movies. And I detest movie theaters! Anyone else so fed up with this season that there is just nothing left to give? Everything from all my clients is in more disarray than prior years - and by a lot, not a little. I have come so close in the last several days to telling a raft of clients just what I think of them at the moment that it's not funny. Maybe I ought to stop answering the phone for a few days.