Abby Normal

Hmmm. I just did an update and no forms updated.

Let me get this straight. If I have a client with rentals in 4 different states, ATX is going to just give me one state Tax Classification report for the home state? Wow.

Yes. Actually I just need the PA one because all depreciable assets are in PA.

I don't see a place on the Sch E (other than the address) or in fixed assets to designate which state the rental is in. The problem is the tax classification report says Maryland and I need it to say Pennsylvania. Thanks!

You only have to report the part of the 1099Q that is taxable, if any.

This isn't like a corporate dissolution where items are deemed sold. Just show the items as being distributed to each partner. It's probably at FMV but you should look it up.

Delete 1120S and re-add. Grrr. You may want to check line 7 on all 1120S before you make any entries.

Goes on Sch E pg 1 Ln 22 Loss Limitations I think.

On hold with support now. It's not displaying any blue input fields and can't add any.

Just had my federal estimated letter totally change to some default text. Thankfully I had a prior client with federal estimates so I could re-save it. But I have sections of my letters move, wording changes, etc. Perhaps I'm making some noob mistakes but I don't know what they are. Also, why I can't we default the letter options? Grrrr.

No issues for me either.

Can't take a rental loss under MFS.

Would you mind sharing the problem? It might save the rest of us some grief.

Jeez. RTFQ, right?

You're right that the inventory loophole doesn't make the mileage deductible, but he should advise the client to establish a home office immediately, because it will qualify as a principal place of business under the administrative rules. From the link you posted: Your home office will qualify as your principal place of business if you meet the following requirements. You use it exclusively and regularly for administrative or management activities of your trade or business. You have no other fixed location where you conduct substantial administrative or management activities of your trade or business I think he would qualify under these rules. Maybe not last year but it can be done for this year.

When I built my last computer, I told them I wanted the fastest processor, hard drive, graphics, network, etc with a shit load of RAM. I spent 1,200 just on the parts. No regrets. That was in 2012.

Tell him to get a home office. Problem solved. He may already have a home office if he stores inventory at home. Edit: http://www.irs.gov/publications/p587/ar02.html#en_US_2013_publink1000226297 I'd bet he has some inventory or samples at home. Go for it!

You obviously don't understand the way my mind works.

Thanks! I hate when they do that. My eyes are not drawn up there. And when I click on a field and there's no green arrow, I assume I should just type in that field!

ATX says to efile one 8868, then duplicate the client file and create the second 8868. Then contact the EFC and ask them to unlock the EIN so you can efile a second 8868.

The school district might be right if "visiting clients or customers" means what it appears to mean.

Where does this come from? There's no green arrow to jump to another form by when I enter a number there it says I'm overriding it?

3 of my 4 workstations are XP and I haven't hadn't any problems. My server/workstation is 8.1 and zero problems as well. We will be upgrading XP machines AFTER tax season. We were too busy to deal with it last fall. XP was the first OS that didn't freeze several times a day so many of us remember it fondly. But having worked with 8 for over a year, I hate when I'm on one of my XP computers.

Yes but how do you efile both? My staff already efiled the 8868 for the 990 and now we can't the 2nd 8868 to efile. I even duplicated the return to create the efile but that was rejected by the EFC as a duplicate. Grrrr. I paper filed extensions last year with Ogden and had to fight them all summer to prove extensions were filed. Rather not do that again. It comes up when they qualify for the health insurance credit or they have unrelated business income.

What is the best procedure to efile 8868 extension when the organization has both a 990 & a 990T? Thanks!