Lee B

Aw shucks, you have taken all the fun out of this discussion.

That's too introspectve for me. On to the next client !

Just one thing, I believe since the vehicle wasn't in service at the end of the year, there would not be a deduction for 2018 depreciation. Then you would probably have a loss in 2019 assuming the insurance check was less than the original purchase price.

A bipartisan group of House members has introduced a bill called "Restoring Investment in Improvements Act". They cherry picked one issue out of the various proposed TCJA Corrections problems. This bill is a one issue bill which would retroactively correct the "Qualified Improvement Property" glitch in the original TCJA bill from 39 years to 15 years qualifying the property for immediate expensing. There has been no apparent movement in the House on any of the Tax Extenders or other TCJA Correction issues

I am not sure what you do if they haven't kept copies of this stuff. At this stage of my career, I would walk away even if they were willing to pay me an extra 1 K.

The client has the responsibility for keeping copies of the original purchase documents. Did this client keep those documents? Even if they didn't, the information should be available from the escrow agency and or the county assessor's office.

What works with one financial institution may not work with another because they each have their own rules.

Yes, it is well worth the donation that I make every year in December ! Even when it's not a topic that I am currently dealing with, the questions and varied points of view wake me up and give me a kick in the pants !

Since 2013, ATX has tended to gradually fill up your print cache will misc garbage, until the program crashes. For most part you can avoid this by keeping your print cache cleared.

Several years ago I had a client receive a grant from the state of Oregon to partially offset the cost of noxious weed control. My client's expenses exceeded the grant. I reported the grant amount on 1099 G on Line 21. Since my client was not a farmer and the acreage involved was attached to their residence, the expense was personal.

Wouldn't this payment be a shareholder distribution ?

I would paper file this return with a signed attached statement requesting that the refund be applied to the Trust Fund Taxes. It might work, you have nothing to lose.

Didn't look this up, but my gut instinct says that you may have file MFS.

I have a very reliable Ativa 1850 which does the confetti cut, for which I paid about $ 400.

I am looking forward to seeing what the answer is, since I don't know either ?

If you are efiling an Oregon 20 S, you have to attach a pdf of the 7004 to the Oregon return, since it's after March 15th unless of course no extension was filed ?

I was at a CPE Class about 10 years ago talking to another EA. He had a Murphy bed and a shower in his office, worked 14 hour days all through tax season said that he did 800 tax returns by himself. The only help he had was his wife who did copying and assembly stuff 3 days a week. He worked a few less hours on Saturday and Sunday, which were the only nights he went home and slept in his own bed. He said he made enough money to take most of the remaining months of the year off. Thirty years ago I could have worked that many hours, those days are now far in the distant past.

Search the board, there was a lengthy thread about this topic last year.

Just because the Employer screwed up doesn't magically create a QBI deduction.

This worksheet has always been a bit tricky. If you get the information entered on the right lines, it will work.

Then you need a copy of the 8824 from several years ago which will give you the deductible basis.

No, not quite that simple. Do a search for "1031 exchange rules" and you will flooded with resources and explanations.

Remember the MeF system is shutdown for maintenance from 1:00 AM to 7:00 AM EST every Sunday morning , which doesn't help.

You have condensed the details so far that it's not clear what your question is?

I have no idea what is allowed in the state of New York, but in my state of Oregon only attorneys can legally perform these tasks.