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I'm sure the only reason this exists is so they can add some AI buzzword bullet points to the marketing materials.

How was your predecessor coming up with the figures for the 4562? There are no fixed asset schedules for any of the clients in prior year files or workpapers? If this former preparer was using another software program to generate the figures for the 4562, it might be easier to purchase that program too rather than starting to input all from scratch into ATX in the middle of this season, then deal with moving all of it to ATX when you aren't so busy.

BINGO!!!! Thanks!!!! I really appreciate you walking me thru that! I left Drake Tax Software and am so glad I am using ATX now, but it is such a different tax software. Data entry is apples and oranges!

Did you complete this line?

I've never attached a 1099. Have a client with 4 trust accounts - the smallest of the tax forms is 180 pages. It was over 1,000 pages of trading activity and dividends this year.

If the replacement property had no basis, then the sale is all taxable. No 8824 needed. Just the 4797. Rich

Marriage has consequences! Just ask me.