jasdlm

How did you attach schedule B? Last year, there was a '1116' category when you went to attach a .pdf to an efile. This year there isn't, and for me, it doesn't like 'other'.

I have been having so much trouble with this! How do you check the box? It won't even let me override. It takes me to the credit Carryback/Carryforward worksheet, but I can't figure out how to check the box.

Patrick! That is one of my favorite's, also! Incredible!

I'm such a dunder brain. Client withdrew $250,000 from an IRA and had no withholding, but there is no way he can possibly owe taxes because he withdrew it over several months and not all at one time. Absolutely no way. After a 30 minute conversation (30 minutes that I'll never get back) and haranguing my staff for another 30 minutes, unfortunately, we still do not understand. I wish I were better at my job. Do you think if I recommend one of the big box preparers they might have someone who could understand more easily? I would say Rita hugs all the way around, but I'm in no mood to be that close to him or his offspring, who came to join the 'this has to be wrong' chorus. Happy Wednesday.

I am not an OH person, but I have had the absolute worst luck with OH school district and OH local tax (RITA, Lancaster, etc). Countless notices, etc. Makes me totally crazy. Calling them doesn't seem to be helpful. I would file with zero and expect a notice, but again, I'm not an OH peep.

I have about a dozen clients who were in TD Ameritrade/now Schwab. They have all received TD 1099s and separate Schwab 1099s based on the timeframes before and after the platform transfer. The purchase actually happened in 2020, but the TD Ameritrade accounts were transitioned the first half of 2023. My understanding is that they transitioned the accounts in 'batches' rather than all at once, so I could see clients having different 1099 scenarios with respect to transfer dates, etc.

Seems like the dividends and interest paid inside the policy exceeded the basis of the premiums, which could definitely happen, and the former would be taxed when surrendered.

My login.gov ID, which has worked for months for other payments, etc., won't let me file W2s. It's so incredibly frustrating.

Has anyone seen/reviewed/use software that scans source documents and populates fields in your software?

Hello. Has anyone worked in Sage X3? I have a client transitioning from QB Enterprise, and he said that the company can't give him the name of a single accountant in a 4 state area that is familiar with the software. I have not worked in anything but old, outdated Sage. Thanks.

Thank you, thank you!

Client exchanged 2 properties into a new property. Best I can figure, ATX makes you proportion out the sale/purchase and assign individually to each asset on the depreciation schedule (original property, lot, remodel, hvac, etc). This results in an 8824 for each asset, which, of course, exceeds 5 and requires paper filing of the return AND seems really silly. I can't figure out a way to do one 8824 for each property using the fixed assets 'like kind exchange' system. I looked under 'bulk dispositions' but saw no option for anything other than a sale or an installment sale. Anyone know what I'm missing? Thanks much!

I was today years old when I saw my first Section 897 Dividends and Capital Gains on a 1099-Div. Had to look it up and remind myself exactly what it is, and I have been doing this for 20 years. Hmmm.

One more thing. THIS is why I never like to override the software ... especially when I'm tired! I spend hours trying to figure out why things aren't flowing as I expect. Sometimes it's the software, but sometimes, unfortunately, it's the user.

Kathy, if you were here right now, you would get a giant hug, and NOT a RITA hug! Kathy and Tom, I can't think either of you enough. I just made another double espresso. Here's hoping it helps. When I hit the door of my Church tomorrow morning, my first prayer will be one of gratitude for my colleagues on this board.

It's all as you list, Tom, until line 12. ATX is populating line 12 with 0 and line 14 with the $30,. I must have something toggled incorrectly. Grrrrr. Thanks!

Tom, do you use ATX? Where do I make that election?

Thanks so much to both of you for replying. Yes, I've completed the 6252. I didn't think about simply 'electing to report all gain'. I still feel like I'm doing something wrong in the entry, but that's a work around I wasn't smart enough to consider.

Sales price $150,000; Basis $200,000; Depreciation $80,000; Gain (after selling expenses, etc.) $30,000. I know I'm tired, but why is ATX not recapturing all $30k in the current year. I feel like my brain is shut down. $5k paid in 2022 toward installment. Used bulk disposition, installment sale, 1250 property. What am I either doing wrong or not thinking about correctly? Is my brain the only one not working? Is that just an excuse I'm making? 100 hour work weeks for 10 weeks ... I'm hitting a pretty big wall :(.

I never use direct debit. I kid you not, I've had the IRS 'double dip' and take clients' money twice on 2 different occasions. I call, hold forever, yes, we took it twice, blah blah blah, we'll return it in 10 weeks. TEN WEEKS! No way. I just refuse to do it. Direct pay all the way. I even made an instruction sheet for clients re: the same ;).

I've given up on the ATX software and started filing the RITA returns for my clients online (I'm in KS so only a handful of OH clients). It's pretty straightforward on the RITA website. Wish I had thought of doing it that way years ago ... it would have saved me hours.

I have efiled on ATX on 3 years. No issues.

Just made my contribution to this invaluable board. Can't believe I waited this late in the season. Sorry, Eric. If anyone else is behind, don't hesitate to join me in the 'better late than never' group.

I believe you, but I haven't searched weight loss either. I'm not saying I couldn't stand to lose a few pounds (obviously my watch thinks so), but I'm not a very big person. Hmmmm. Maybe I read an article that popped up on CNN about how the nation is getting heavier or some such thing. I've got nothing. I just always feel like a slug by the end of the season (not doing my usual running, yoga, etc, and getting very little movement), so I'm feeling like a puffball.

I feel your pain. I just enter it on the appropriate line on the Schedule F or 4835, but why they don't have an entry screen for it is beyond me. I guess maybe it's because for many of the boxes on the 1099-PATR, there is analysis necessary to determine what's taxable (outside of box 1) and what might already be counted in grain sales, etc? I got nuttin', really.