WITAXLADY

ok, so client sells rental at huge loss - should create NOL

Other rentals - now the loss is limited and shows a gain of $4,000 income which then knocks him out of EIC - Earned income of W-2 and Sch c of $10,000 and 6! yes 6 children.

So what is wrong with 4797? , that looks correct - flows thru -29,000

8582?

Sch E income of $34,561

Expense of $37,792

should show loss of $3,231 and instead shows gain on 1040 of income of $4,674

and as I put more expenses in for my fee, management fee etc, the income goes up, not a greater loss.

I do not understand.

Please help!

Thx d

I agree Sch D also but he needs to be made aware of the frequency and would be a Sch C if he continues at this rate.

she removed the excess of $2382 in 3/6/2013

SO TAXPAYER WAS STILL CONTRIBUTING TO HSA AFTER RECEIVING SOC SEC AND (OOPS)

thru work.

Work said tough.

Now what - just leave be - stopped when she figured it out

or take out and pay 10% penalty?

that doesn't seem right when work wouldn't adjust?

Ideas anyone?

Thx

can't be profitable - too much time spent waiting and paying people to watch screen and double check and redo work! and talk to clients while waiting for circle to become a page,.... ahh such is life

and then did I do last year's wrong? If they put $40,000 into trust from personal - he gets no deduction but the Trust should only pay on earnings - no tax on principal contributed? only earnings?

Now I am confusing myself - help please to clarify this.

Thx D

client receives estimated form - had to pay penalty last year as put money into trust without letting me know they even had one!

Haven't put any $$ in yet - recommended they put in enough to cover prop tax = 0 as pay the tax and then gift $13,000 for the 2 years before and after.

So no additional,,, so she fills out form and thinks she should pay $5,000 in tax.

Any reason why? Only if someone is going to put money in?

Thank you,

D

I had this marked when it was first formed but then??

this is what I do at night when I am waiting for the program.

during the day I am lucky to get any returns done I get interrupted so much,

Hubby has new plan - go to bed tonight at 12 with him and get up at 5 with him hmmm

we'll see how that works. I doubt I will want to get up. 5 hours is also more sleep than I have been getting! 4 am to 8 am.

hey - how do I change newbie to witaxlady? thx d

12.13 was supposed to fix this - sometimes it does and sometimes it doesn't - just like always - does what is wants... just like prints what it wants as well

WELL I bought Drake 4 weeks ago and have not handled the learning curve at all! so have been plugging along with ATX and every glitch I am so sorry I did not convert to Drake - April 17th!

I am amending taxes prepared by a preparer named Hack - who would go to a tax preparer or CPA named Hack?

ok - it looked good, only getting acks from March but it is over 2 hrs and acks are not finished yet...

yesterday they were going back into Feb again

plus the efiles created did not all show up to be transmitted - what is up?

Where are they? I have to go back now and re create - I do not have time - it still takes long enough to do this I use a different

machine and it still ties up a workstation all night! and it still is not correct.. what a pain

D

sounds fine to me - greater than 6 months - whole year, placed by agency, payment not taxable income.

great! good for them!

AH! I like that answer - good start

AGREE - YES SHE IS

oh my goodness! I did a copy and paste and found it! what a silly goose. I think I need sleep and a new job

plus I cannot figure out how to get to that site.. when I click on it - I just get peoples info.. I can do taxes not computers!

I do have 11 and 12 up as I have a large screen to review the 11 while doing 12!!

I have done the 4.5, and pretty much all the rest!

Even purchased a new server 2 weeks ago as our network had interruptions.. and all computers have 4 gb.

found the client this am - my office manager knows how to do that pretty well by now - will have to find another one this am again - no fixed assets again . I should not have bothered working on the one last night and just moved on - live and learn.

This is the board I forgot about until now but don't answer much as my wording is not as clear or good as others. Only answer if others do not.. I always said if I coulda taught I woulda...

here's to 300 returns checked and efiled in 15, oh no 12 days!

DOUBLE CLICK ON THE REFUND IN TOP RIGHT CORNER AND IT GIVES YOU THE SUMMARY.. I ALSO ADD PLANNER AND MFJ - AND US AVERAGE. WHEN YOU TYPE IN COMP - THE LAST 3 ARE RIGHT THERE OOPS sorry about the caps - type without looking at the screen

THX - WILL check out - just opened a return I already had done - just needed a fine tuning, - big farm, no assets nor sales etc there! so I redid and now it will not save nor print and the program just crashed - going to bed. Call him and tell him to come in later.... aaarrgghh

what is a defender?

so is anyone experiencing a huge slowdown in the speed? It has not beed too bad the last couple days - the usual crashes and reboots and a few lost assets but now tonight,

I cannot get any of the 3 computers I have open to go from one cell to another without a ton of time in between! And I have enough caffeine in me to stay up and finish those who are picking up Tues !

Maybe I will have to work on 08 states and 09 federals,,, saving those for Wed.

Any ideas?

Thx D