Abby Normal

Where did you take the expenses? Or are you referring to prior years? Because there's nowhere to take them in 18.

Yes, I would with a proper capitalization policy of expensing all assets costing 2,500 or less.

The replacement property's basis should have already been reduced by the deferred gain, if it was done correctly, so there should be nothing you have to do. The current gain will include the deferred gain by virtue of the deferred having already reduced the basis of the property being sold.

2106 is gone so nothing more needs to be said. Split mower into 3 assets if you're depreciating, but can't it be expensed? We expense everything 2,500 and less these days.

Accept it. I've seen plenty non-PTP K1 investments before. Or you could ask google.

Never mind. I just told the client to do it themselves on their city's website.

It seems the general city tax form cannot be efiled, so I tried to do a RITA return. This is a part-year moved to Ohio return. I've only got one red message: E-file exclusion: All Section A entries must be made on form W-2. When I click on the error, it takes me to the Sec Wage Stmt. Is it just not possible for me to efile this return? Thanks!

Just file it. The IRS doesn't get around to matching until November at the earliest. I just checked wage transcripts the other day and they were still blank. The shutdown really screwed everything up.

M-2 has a worksheet with an adjustments column. Just use that.

Alt-F, C I could do it in my sleep. Ctrl+F is forms. Whey the letters are not just in with the forms, I'll never know.

It doesn't matter what software you use, land and buildings go in different places on the 4797.

I never use the amend feature because I don't want two data files where you run the risk that the wrong one gets rolled over next year. I think it was a poor design choice by ATX.

Just enter directly on Sch C and skip the 1099 input. Using those 1099 input forms is a waste of time.

Yeah, I don't think much of anything has been fixed.

It would never be 10. Does anyone know if qualified leasehold improvements has been fixed? https://www.accountingtoday.com/opinion/common-depreciation-missteps-and-misconceptions-qualified-leasehold-improvements

Sch B. 1099-INT.

Option 2 so you don't get a matching notice on the 1099-S. 8949 Code N-Nominee adjustment

Do the people who send out these tiny booklets really think they're of any use to anyone? I guess they're just trying to reduce their paper, toner and postage costs, but, seriously, I could probably read this in my 20s, but now? Ha!

I've got my clients trained pretty well to not use staples. I have a sentence in bold in my organizer letter that asks them not to use staples. It's cut way down on the stapled documents we receive.

We enter all medicare premiums directly on Sch A and label them as such to avoid confusion on the organizer next year.

Ah, yes. I know that stage well. Although my new staple remover is a pleasure to use.

Close ATX before every big print job. I do this on my large returns because, even though I've never had it crash while printing, the printing is really slow on large returns if I've been working in ATX for awhile.

You will need more than one bulk sale because you can't mix 1245 and 1250 assets, and land has to be sold separately, so you'll need to allocate sales proceeds and selling costs.

The extenders have been a thorn in our sides for too long. Let them die or make them a permanent part of the next tax legislation.

I'd give the client a list of returns and worksheets that I need from the prior preparer and that I can't proceed without these documents, unless they want to pay me an extra grand or so.