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Should we former Saber users ask Eric for a tiger roar when we visit this forum?

As Joan said best, it's always a surprise when ages come up. I think of everyone as still being the ages from years ago when the forum was started. I'm 61 and I think of everyone here as my age or younger, and yes, I do know who some of the younger ones on here are. The posts about no one remembering the old TV shows always makes me laugh too. I was a very young girl but do remember watching reruns of shows like The Honeymooners and variety shows such as Steve Allen, etc.

Gee, you've certainly been a member of this group for long enough that you should know that we are a generous group and it's rare that any post goes unanswered here, and it's also a slow time when many of our regulars aren't back yet. Perhaps the lack of instantaneous help was also because it took some time for members to find time in their own busy schedules to visit the site and respond. Please remember that this is not the official ATX forum.

Was it remaining basis of depreciable property written off as scrapped or when it was replaced? That would also be on 4797 and not be a complete disposition.

The passive loss on 4797 would be first subject to the at-risk limitations and then the passive activity rules. The transactions are reported on their respective forms for the type of transaction, so yes, there would be both Sch E and the 4797. There should also be a Form 8582 and its worksheets that calculate what portion of the losses are allowed and the portion disallowed that will carryforward. If the sale was a complete disposition, the software would have a checkbox or some way to indicate that so that the loss from that activity would be allowed in full, and that would also be run through the 8582 calculations.

At first I did too except for the next part about taxpayers being confused about all the new things and mcb's practice being there to help. I agree with you about the POA for your interpretation though.

Hmm, I took the OP to mean that clients were asking about sending friends and relatives in as new clients.

To everyone here, I hope you all have a happy, healthy, and prosperous 2022!

Well I will respond so that people know that you are over on the other forum trying to CYA and still saying that we gave incorrect answers when it was you that didn't understand the concept and the very basic answers given, and it was YOU that LATER ON brought accrual basis FINANCIAL ACCOUNTING REPORTING concepts into the discussion. Also, after you posted on the other forum, early on in the discussion another one of the members there also tried to tell you nicely that it was unreasonable to expect anyone there to comment on the discussion here on this forum without seeing the EXACT questions and EXACT comments that were provided.

@Corduroy Frog Did you forget that there is overlap of members across these professional forums? I don't mind that people ask the same questions on multiple sites, but I find it totally rude and insulting of you to post on another forum that those of us that took the time to try to help you here did not address your question properly, that we were addressing it as accrual basis, and gave you incorrect answers when, in actuality, it is you that didn't understand the concepts or the answers that were provided above. You can be sure that I will not waste any of my time helping you in future on any forum, no matter what other name you may post under either!

Thank you, Rita!

Thanks, Lee. I'm going to pin this topic through the end of January.

It's true that the 457 withdrawal is taxable earnings for income tax purposes, but for social security earnings it is counted when it is earned and not when it is paid out, so the payout would not cause a reduction or payback in social security benefits.

Still, your question shows lack of understanding of basic bookkeeping and taxation. The additional borrowing would increase cash and increase loans payable, both balance sheet accounts. This has no effect on profits or taxable income whatsoever no matter what accounting method is used.

When you use the "donate" link above, one of the payment options at checkout is to mail a check. Choosing that option will give you the information that you need to complete the process.

Margaret, yes, indeed a fond memory for me too! The recipe, press, and the cookie sheets are my mom's that I borrowed, and all of it is older than I am. None of the newer devices work as well. Starting probably when I was a teenager, mom would mix the dough and I would press them out. My mom is 95 now and still living on her own with a lot of help from me, but the cookie duty is all mine now.

Merry Christmas, everyone! My project for today that I wish I could share with you all are my family's favorite cookies: pressed almond flavored butter cookies that are light, airy, melt in the mouth goodness. Next up will be either chocolate chip or possibly ones with white chocolate chunks, cranberries, and pecans... right after a cup of coffee with a couple of these. video-1640200821.mp4

It's a bargain sale to related party and is part cap gain sale and part gift. The cap gain portion is $50K (selling price minus basis), and the gift is $40K (FMV minus selling price). For basis in the hands of the transferee, please see sec 1.1015-4. The link also has helpful examples: https://www.law.cornell.edu/cfr/text/26/1.1015-4 Disclaimer - answers applies only to this scenario and would differ depending on the seller/transferor's type of entity, the type of property being sold, depreciated or not, and whether sold at gain or loss.

I do that every night. Clear the cache, cookies, and the history.

Thanks for those that mentioned Firefox working with Vanguard and EFTPS. I checked both and you all are correct that those sites do work with it. I believe my problem with Vanguard may have been caused by an old bookmark. That leaves only the online pharmacy to deal with, and I'll switch that over to MS Edge because the site on Firefox doesn't have a link to pay the part D premiums.

I'll try it again, but as of early 2021 all I was getting was a blank screen after logging in. When I called in the next time the Vanguard rep told me that the site didn't play well with Firefox.

I have 3 sites that don't work with Firefox and have been using Chrome for EFTPS, an online pharmacy for husband and mom, and for my own Vanguard accounts. What is everyone using to access EFTPS? MS Edge?

Haha, nope! I am ignoring all things tax and the pile of cr@p covering my desk at the moment. I'm doing my usual lack of Christmas planning and decorating, and am struggling with decisions on what to get everyone as gifts.

@BLACK BART, that message wouldn't have come to me. Maybe Eric gets those at some point, but would probably be quicker to PM directly. I wouldn't have been able to help with log in issues anyway, so I am glad that you were able to get back in.