Randall

Yes, wondering if ATX has a delay going on.

Is this for real?

Is something new? I have to go into the global tab and check the boxes to print reports and basis statements before they'll print.

I think with gift splitting, both spouses would have to file a gift tax return and sign off on the other's return. Can't file a joint gift tax return. If siblings are married, he can divide that sibling's gift to his spouse. Either way, there should be no tax with the lifetime credit.

1065 return with 8825 rental properties. There are 1231 gains and 1250 unrecapture. Everything flows to Sch K and K-1 ok. My question is regarding the 199A K-1 statement code z. On the 199 activity worksheet, the regular rental activity income and losses are filled in and I've marked the activities as 199 activity. But on this sheet, there is a line for 1231 losses but not gains. On the K-1 statement for Line 20, only the normal rental losses show up. I can go to the detail and input the 1250 unrecaptured amounts and there is a place for 1231 losses but not for 1231 gains. Am I missing something or is this a quirk in ATX?

I prefer Dos XX.

And don't forget to input his Medicare wages from his W2.

After April 15, I'm on slow time. Get to it when I get to it.

Explaining the difference between total tax and how much is owed. Several times. Whew.

Give me my eye shades and sleeve protectors. Old accountants never die, they just get out of balance.

I know I'm GROSSLY undercharging.

Too many people use (or misuse) QB. I surrendered years ago and dropped Peachtree, only have QB now.

There was mention on another forum that the IRS was going to make a decision about moving these deductions to the other miscellaneous category. Even if they do, many will still be stopped out by the higher standard deduction.

There was mention on another forum that the IRS was going to make a decision about moving these deductions to the other miscellaneous category. Even if they do, many will still be stopped out by the higher standard deduction.

I don't know how we're supposed to know what criteria is used by Medicare people. And if a client talks with them, they may have a completely different connotation to the term 'dependent' than in the tax return terminology. Does anyone have a reference or good source to all this?

I thought people on SocSec disability got medicare. I've seen SSA-1099s with medicare premiums deducted.

The programmer was probably thinking 2020 when he put in the day.

Yes Lion, that's the way I understand it. 1099R will show full distribution so as to become part of client's RMD. Then on the return, back it out of taxable with the QCD code. Keep receipts from charity. Client should also have monthly statement from broker showing distribution directly to charity. Distributions must be sent directly to charity, not passing thru the hands of client.

I tend to agree with Yardley. Pacun, will they ask questions, but otherwise, wouldn't the dependent still qualify for the Medicare?

Does that stop her medicare benefits?

I noticed on the Ky letter options, the due date was set for April 20. That must have been set originally because I didn't set it. I changed it to April 15 and the letters are correct now.

I just noticed my letters are saying Kentucky tax should be paid by April 20. I don't know if I missed something about Ky delaying payment date or if it's a glitch.

We haven't had a program update in a long time. A lot of Forms updates. It seems in the past we had several program updates throughout the tax season. Anyone know why it's different this year?

Thanks. I found it.

Client received a letter from IRS assigning him an Identity Protection PIN because of past identity theft issue. Where do I enter this PIN in ATX? I've looked on the EF Info form and can't find it.