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As long as their is an estate earning income, a fiduciary return would be required. However, once all of the assets are transferred to the non-profit, there is no estate any more to earn income and therefore the fiduciary return would not be required. I am not sure how the estate could continue to exist after it is transferred to the non-profit.

Not anymore..... https://blog.ssa.gov/social-security-to-reinstate-overpayment-recovery-rate/

I've had a couple of cases where the client's ID is a passport because they don't have a driver's license and don't know what else to give me. Why isn't that a selection on the pull-down menu on the main info page. Passports valid ID's.

Statement from New York: NYS will reject e-filed returns if the DL or ID card information is not included with the tax return. This applies to all main form submissions and standalones (Forms IT-201, IT-201-X, IT-203, IT-203-X, IT-214, NYC-208, and NYC-210). This applies to both the prime taxpayer and spouse taxpayer (when present). The user can also indicate that they do not possess a valid driver license or state-issued ID. NYS requires that the DL or ID card information be collected when available for extensions and estimated tax payments (Forms IT-370 and IT-2105). The user can also indicate they do not possess a valid driver license or non-driver ID card or they did not provide a driver license or non-driver ID card. NYS will reject e-filed returns if the DL or ID card information is not properly formatted when issued by NYS. NYS-issued DL or ID cards contain only numerics and are 9 digits in length. This applies to all main form submissions, extensions, and standalones (Forms IT-201, IT-201-X, IT-203, IT-203-X, IT-370, IT-214, NYC-208, and NYC-210). NYS will reject e-filed returns that do not include the three-character document number for the prime and/or spouse(when present) when a NYS issued DL or ID card is entered. This applies to all main form submissions, extensions,and standalones (Forms IT-201, IT-201-X, IT-203, IT-203-X, IT-370, IT-214, NYC-208, and NYC-210).

Basis = Beginning Basis (0) + net income (18,290) - distributions (?) +/- other adjustments (if any) = 18,290. Software is correct.

I am not sure what your question is Catherine, but personal use includes any day a rental is used by anyone paying less than fmv.

I don't have time to research, but my knee jerk is they are related parties to the owner so personal use by the owner. But don't quote me on that. Tom Longview, TX

... donate to this forum.

Your right - I've been talking to an attorney. I am not thinking straight...........

Probably because the I D requirements are state specific?

Echoes of Jim Morrison singing "The End"

For this one, I'll splurge on the good, buttered, popcorn.

Mine has been on autopilot for years. Every time the transaction shows up, it brings a smile to my face.

I just had this. Checked with client. Two SSA-1099s. Same claim number. The second has higher amount and says it is updated. Same deductions for Part B. Client agrees, the second higher amount includes the first lower amount.

Hear, hear! Trick: you can put it on autopilot, too.

ohhhh - claim number is different. I'll bet you are correct. Thank you very much.

Yes - this is important.

The client should keep all bank records pertaining to the transaction. It has been my experience that the IRS will send out a letter asking for them.

I think that you have to create the e-file first, then you can look at the tabs below the 1040 EF Info for the one that says e-filed forms. That should tell what forms will be e-filed.

This is me: My clients hire me to correctly prepare their 2024 return. So, if I were you, I would do what Bart said. I wouldn't even bother to send people back to the other preparer since 2023 received the correct refund and so will 2024. Or you think the IRS will say "hey you have some left over credit from 2023, here your check"?

Yes except that there is a very long backlog for processing amended returns. I agree with Bart

I would: Proceed to file 2024 return (with corrrect correct carryforward figures).

Well then..... https://www.cnn.com/2025/03/31/politics/irs-it-officials-immigration-enforcement-data-sharing/index.html