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Sherm

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  1. I have 2001 ATX software. I still use it to complete local tax returns. I got a new computer and installed the ATX software. I copied and pasted the Database from my backup drive to the program. But the files don't show up in the Program Mgr. How do I get these files to show up in the program Mgr. Thanks, Denny
  2. I was in the middle of a return for a client and I found a brokerage statement with ownership held by an Irrevocable trust. The Trustee is the Mother and the Bene is the Daughter. Can I put this on the daughter's return or does a Trust return need to be filed. If a trust return needs to be filed, where do I start? Thanks.
  3. I've done taxes the past 3 years for a small auto dealership. They only sell 3 or 4 cars a year. They closed in 2009. After selling 2 cars and transferring 3 cars to personal use, there is $6,560 of value left in inventory with no vehicles to assign it to. Obviously this is the result of poor bookkeeping. How do I account for this on the Sch C. If I allow it to carry forward from Part III to Part I it results in a loss of $6,560. Is this all I need to do, or do I need to account for it in some other manner. Thanks Sherm
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