Abby Normal

The problem with Costco and Sams Club computers is they usually come with the home version of windows.

You could mount two monitors on a stand like these, and that should work on one varidesk. Or get a 3 monitor stand.

Otherwise known as a PITA.

The carryover basis just refers to the fixed assets. You just keep the same depreciation schedule. Cash, inventory and any other assets also come over just as they are in the Sch C, as do all the liabilities. So, yes the ending Sch C equity is the beginning stock basis for the S corp. I would show it as Capital Contributions (line 2) on the ATX Shareholder's Basis Statement. ATX does a pretty good job of tracking shareholder stock basis. My one complaint is that when there are suspended losses due to lack of basis, it doesn't keep a detail list of what the suspended losses are made of (ordinary loss, Sec 179, charitable contributions, etc.). It just gives you one lump figure. It does keep a detailed list in the 1040, and since you're doing the 1040, it will be fine. I complained to ATX about the lack of detail in the 1120S (and 1065) basis worksheets and they told me I don't need it. I assured them that I do because suppose I'm doing the 1120S but one of the shareholders uses another preparer for the 1040. They need the detail. The main things you need to know is that basis can NEVER go below zero. Distributions in excess of basis are taxable as capital gains. ATX defaults them to short-term but after the first year they're long-term. And if distributions are not all allowed in AAA (M-2), you will have differences between AAA and retained earnings. 90% of my S corps have these differences. AAA is meaningless as best I can tell. I've never needed it for anything. Basis, however, is extremely important.

Hugs? LOL

The struggle then becomes the allocation of the sales price, because they buyer wants more allocated to equipment so he can 179 it or depreciate it over a few years instead of 15 years for goodwill, but the seller wants less allocated to equipment and more to goodwill because goodwill sale is capital gains and equipment is probably mostly ordinary income. Both buyer and seller must attach form 8594 to their returns with the agreed upon allocation.

The seller always want to sell just the stock but the buyer wants to buy the equipment and goodwill so that they can get the depreciation/amortization. Also, buyer doesn't want the 'skeletons in the closet' of the old corporation, which is why we almost never see the sale of an entity.

It's carryover basis.

There's a small link at the top right of the page called Unread Content. Once you're on that page, you can pick filters at the top. I wish I could filter out Drake and OLT forums, though.

Because I'm too busy working to play around with my computers all day long.

I would support both a Reference forum and an ATX User Tips forum, for ease of finding both. Earlier this year, I switched to viewing unread topics and comments as my primary view.

I do the same thing, but I suspect that once you've run Never10, installing those 'recommended' updates from windows won't actually do anything. But I'm always in the "better safe than sorry" camp.

That's a lot of hours popping out and inserting next disk. I think I'd go buy a DVD drive.

Disable/uninstall them and see how you make out. I personally can't do without them... yet, but I have FlashBlock, Ublock Origin and Disconnect add-ons in Firefox, so no flash objects run without my permission.

Sticky Notes should run at start-up automatically. Snipping tool is on my Quick Launch toolbar. Microsoft likes to tell Quick Launch is no longer available, but it's there and I have 27 programs on it. And you can drag it so it fits under the pinned icons on your task bar. You may have to make your taskbar a little taller (or wider if you have it on the side like I do.).

I would think if you get a 1099-R for it, it's taxable.

Hey, we have each others backs in this forum! I've learned a lot hangin' with all of you.

You're welcome! Never10 mostly changes a Group Policy (I bet you didn't even know you had Group Policies!) to enable 'turn off upgrade to latest version. It also makes the same change in your Registry (AllowOsUpgrade = 1 (off)). Those are things most of us might be uncomfortable doing. If you want to see your Group Policies, open up Run (Winkey+R) and type gpedit.msc. Just don't change anything!

I'd say it depends on when he actually received the money. Is it a monthly benefit?

I noticed when I upgraded to windows 8 that 'My Computer' was changed to 'This PC'. I think Microsoft believes they own our computers now. And who knows, I've never read the EULA. We probably agreed to let Microsoft upgrade our OS.

CCHSFS is actively pursuing a virtual office/tax prep service. You can take a survey about it here: https://www.surveymonkey.com/r/F6DVKYH

Steve Gibson has been providing invaluable free services for computer users for a very long time.

Where did you get a 'hacked Adobe Flash update'?

You're welcome! You probably haven't downloaded the windows 10 install files to your computer, but it is perfectly safe to remove them if you have. It's just a matter of deleting a folder. It's a hidden folder in your Windows folder called $Windows.~BT. When I ran Never10 the button to remove win10 files didn't show. That's probably because they're not on my computer.