Abby Normal

Unfortunately, it's taxable. Can they put money into an IRA?

Bottom line is the same!

Just treat the equipment as if it had never been stolen and show 10k of other income. The net affect will be 10k income regardless of how complicated you make it.

The best thing about chat support is you can scream and yell and swear and call names, as you calmly type an appropriate reply. https://myatx.blogspot.com/2018/03/chat-support-for-atx.html

Or just override the depreciation to half of what is calculated.

It was converted to personal use (non-rental) on 6/30. That doesn't mean it was a residence. Deal with next year, next year.

ATX doesn't allow various for the sold date, possibly because the IRS efile doesn't allow it?

It could be your printer software (which you don't need): https://community.atxinc.com/forums/permalink/259370/261179/ShowThread.aspx#261179

Each computer is so different it's hard to say, but in general you want your computer to be as clean as possible with very few programs installed and only essential programs running in the background. Also, you can usually just x out of those errors and keep working. I have found specific things I do that trigger that message, so I avoid doing those things.

No dates are need if you use totals and code M. Pretty much all we do here. No attachments. No mailing in. No word from the IRS in many years. They only check totals.

Others have been mentioning that support installed this for them and it helped with crashing on big returns and printing. https://www.techpowerup.com/forums/threads/large-address-aware.112556/ I just downloaded and installed.

Maybe it's just the tax season giggles kicking in, but I laughed out loud at some of these: Period of Limitations that apply to income tax returns Keep records for 3 years if situations (4), (5), and (6) below do not apply to you. Keep records for 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later, if you file a claim for credit or refund after you file your return. Keep records for 7 years if you file a claim for a loss from worthless securities or bad debt deduction. Keep records for 6 years if you do not report income that you should report, and it is more than 25% of the gross income shown on your return. Keep records indefinitely if you do not file a return. Keep records indefinitely if you file a fraudulent return. Keep employment tax records for at least 4 years after the date that the tax becomes due or is paid, whichever is later.

Just got some SC form updates. Is it fixed?

I crank up the volume and put the phone on speaker and... https://www.youtube.com/watch?v=XcAl93uEYUA&feature=youtu.be&t=36s

Yes, it becomes active on disposition. Was it carried over as an NOL?

Aaaawwww. Thanks! Just call me the Wiz. And remember, on April 17th, nobody gets in to see the Wizard. Not no way. No no how.

Oh yes! In Customize Master Forms: Open 1040, 1040 EF, Comparison & 4868 Enter an amount on Comparison line 63 Total tax Prior Year column Link line 63 prior year to 4868 tab 1 line 4. Enter 0 on 4868 line 7. Check box Lock amounts and carry Restore line 63 on Comparison Efile Info-Check Practitioner PIN Efile Info-Link taxpayer & spouse PIN to 1040 EF Efile Info-Check ERO entered checkbox for taxpayer Efile Info-Link ERO entered checkbox for spouse to 1040 EF checkbox Efile Info-link Date Signed to 1040 date Efile Info-Enter ERO PIN Payment-Check Paper check

I wouldn't have spent more than 30 seconds on that.

Oh, man. You just like giving them... gruff. Too funny!

Boy you guys and gals are harsh. If they want to deduct 500, I let 'em deduct 500. At 15% that's only $75 tax. And if they tell me what they paid for something, I give 'em 20-25% of that.

Tax pros in office are more numerous than they appear.

Oh, let 'em have $25, it won't change their tax in most cases.

Yeah, but for them to be a dependent, their other income has to be so low that NONE of the Social Security will end up being taxable.