Randall

I've heard of this strategy but it sounds bogus to me. It seems the scholarships pay the education costs and reduce qualified education costs eligible for the credit.

Mine are going thru slowly. They will show status as Transmitted to EFC, then later come thru as accepted, never showing the status as Transmitted to Agency. Wouldn't rehanging them be better than duplicating the return?

Just did my 2nd deceased return. On the first one, I wondered why the Deceased date didn't show up at the top. It did on my state (Ky). I now noticed (with this 2nd one) it is at the bottom of 1040 page one. Not the bottom of the page but at the bottom of the printed portion (mid page). I think someone else wondered about the notice not being there so I wanted to post this.

That's what I've been doing.

I see that now I'm in a 1065. I don't think the 1120S had it. And the 1120S had the total at the top. The 1065 total doesn't show a total. Ugh.

Mine are going thru now.

I only scanned thru the instructions so I may not have it right. But under IRAs, for multiple 1099Rs, it seems to say put the gross amount on line 4a and the taxable amount on line 4b. It seemed to be saying the same thing for pensions and annuities. If gross and taxable amounts are the same, line 4a is blank. If all 1099Rs are marked the same, the software puts the total gross in line 4a and the total taxable in line 4b. I was thinking with the two lines combined into one line, and the 1099Rs, some IRA and some not, ATX just missed something. I was wondering how other software was doing it. Any Drakes users reading this?

Does not a long journey begin with a small step?

Just discovered ATX has a summary of the unadjusted basis of depreciable property. It's under 4562 statements. I was working on an 1120S and calculated the amount manually, then saw this statement. Same amount as I calculated so I must be doing it right.

Is there a delay in efiling at ATX? I have several from yesterday that still shows sent to EFC, not transmitted to agency. I didn't see a notice on ATX website.

My taxable amounts have flowed thru ok too. But sometimes gross amounts are smaller than taxable amounts. Jasdlm, are you saying that's the way it's supposed to be? If gross and taxable amounts are the same, line 4a is blank. But when gross is higher than taxable, and with multiple 1099Rs, some IRA, some not, that's when I have the same situation as Christian.

Or on page 4, Schedule K, line 17d, click in the gray box. Takes you to the same worksheet.

For ATX: LLC 2 members. Both commercial and residential rental activity. My understanding is you can aggregate the residential properties together and the commercial properties together but you cannot aggregate the residential with the commercial. So I will have two activities. On the Sch K, line 20c input sheet, there is one line for code z. Should I type in on the lines below separate descriptive info for the two activities? This will show Code AH and populate in the K-1 Sch Statement for each member. I don't see a way to have more than one line for more than one activity.

If a grantor trust, shouldn't the income been reported in the grantor's ssn (child or parent)? Since the income was reported in the trust EIN, shouldn't the income be reported on the K-1 schedule in the beneficiary's ssn?

Does an extension MFJ cover both spouses if they decide to actually file MFS?

Yes, him and everyone else in the tech business. Too much turnover, new versions, paying for it over and over. I think all updates should be free for at least 5 years. QB can only go back one version for Accountants Copy. A new version every year. Sheesh. More whistles and bells that most people don't need. An army of programmers thinking up more and more stuff.

None so far.

The new standard deduction helps out a lot on this. But in Ky, charitable deductions still count, ugh.

The 8606 aside, the former two separate lines for IRAs and non-IRAs are now combined into one line. If gross and taxable amounts are the same, no problem. But if different, any 1099R marked IRA will throw off the total for line 4a. I just unmark them all as being 'IRA'.

Again. If I unmark the non-IRAs and also unmark the IRA as an IRA, then correct gross amount flows to line 4a and correct taxable amount flows to 4b. And my non-IRA using Simplified Method doesn't show up as a warning. So I figured a work around in ATX but the one IRA 1099R is not marked as an IRA. Does anyone see that as a problem?

Another wrinkle. I used the simplified method for one of my 1099Rs (non IRA). By marking it an IRA in order to have the total gross amount flow to line 4a, I now get a red letter notice that IRAs aren't eligible for the simplified method.

This still seems to be a problem in ATX. I think lIne 4a should be higher than 4b if not all is taxable. If I mark all the 1099R amounts as IRA, it flows to line 4a properly, with 4a higher than 4b. Anyone else still having this problem? Is it ok to mark non-IRA 1099Rs as IRA just to get the amounts correct on 4a and 4b?

I think it is a slam dunk decision. Problems yes, as you said latest update fixed. Buying W7 on new computer is absurd. Hanging on with it on an old computer is ok. Buying new with W7, sheesh. All the techies in the world aren't going to outthink Microsoft.

Win 10. Get the latest.

It doesn't happen all the time.