Randall

I think if ATX survives, they will have to fix 2012 by the end of 2012 filing season. My plan is to plow thru to 4/15, not renew ATX early, look at other programs, make my decision in the fall.

The trust stuff sounds like overkill.

Thanks Lion, that's what I'm seeing elsewhere.

Yes, Lion, ordinary income when she took it out and the 1099-R was issued. But when the stock was sold, the brokerage issued a 1099-B but didn't show basis. I believe the $10k is ordinary income but she still gets stepped up basis because she did inherit the stock. It would be as if the father didn't die, took the stock out of the plan, had to report $10k as ordinary income, then later sold, he would have cap gain, maybe short term, maybe long term if held long enough and his basis would be less. But she would get stepped up basis and it would be long term because she inherited the stock.

My question is would she also have the $10k as additional basis to the step up FMV.

Client inherited father's employer stock. Had stock transferred to her own brokerage account. Received 1099-R showing gross distribution $60k, taxable amount $10k and box 5 net unrealized appreciation in employer's securites $50k (round numbers). Later sold stock from brokerage account.

If the $10k from 1099-R is reported as ordinary income and she gets step up basis (FMV on date of death) on the stock sold, would she also get the $10k as added basis to her stock?

I'm not sure where to start to look this up.

I'm loving it. You wanted spending cuts. You got em. I couldn't believe they passed that when they did. It's probably the only thing they did worthwhile.

It's kind of a hassle. Once you've created the pdf file and saved it somewhere, then in ATX, there's the efile tab at top with an option to attach pdf.

Anyone download 12.10 yet?

joanmcq, I don't see a reference to a bulk line item. The instructions seem to say if no 1099-B, then list each transaction.

Client has a do it yourself account with a company called Oanda. He brought in a statement showing a summary of 254 trades, realized profit $298, realized loss $508, net realized loss $210. I asked for a 1099 and he says they don't issue 1099s.

Anyone else see this come up? Should I ask client to get a .csv file of all his trades to import each trade?

No. I uninstalled the W7 update from this morning. It said something regarding platform. All is back to the way it was. I noticed my font in ATX was a little different too. Not sure what that update had in it. It was listed as recommended, not as important.

Thanks, Eric. I'm using IE9. I checked MS Word. Not showing bold. On this site, when I'm typing my post, it shows up in bold. But when I view the post, it comes back to me regular. On another tax forum, when I type, it shows in bold and when it comes back, it shows in bold, as well as others' post showing in bold. Someone on that forum said my post did not show up as bold to them. Some web pages show in bold (including my home page) and other web pages do not.

I see it came across normal. But when I'm typing, it's in bold. On another tax forum, it not only typed in bold, but came back to me in bold. My web pages are showing up in bold too.

Is this coming across bold? Suddenly I see everything in bold. Anyone know how to chane it? I tried to reset default fonts. Sheesh.

grym2h, I use pdffactory too. But I don't have it in the Filing copy section of the print menu.

Whew. Jack I feel for you. Hope it all works out.

I like a combination of BulldogTom and Joelgilb comments. Plus if Pacun is like me (I haven't had major issues either) and is on a stand alone one person machine, I suspect the major problems are with the network/server people. I think there were just too many shortcuts and as mentioned, probably budgetary constraints. This kind of thing comes from the top.

It sounds very basic. I remember ATX was originally just filling in the forms. Each form would add the numbers but there was no carry forward from one form to another. I don't know if any of these basic startups can compete now that we're used to having more advanced software. If they can stay afloat long enough, they'll probably improve on it year by year. Then when they build up their client base, they'll sell to a bigger company, make a killing and retire to the Bahamas.

I haven't had the major problems that some have had. Still there are a lot of little things, the genral slowness, especially. I'm slogging thru this season. Like you I haven't had any reason in the past to change. I'm a single person office, single desk top and a lower volume of returns. So going to the bigger high priced programs is really not an option for me.

I suppose the future of ATX depends on how serious CCH is to keep it. If they deem it's not worth putting the resources (more programmers) to get it up to top notch, then they'll cut their costs and drop it. I'll see how they keep updating the program and how it continues to improve. One thing I'll probably do differently is NOT renew early and check out some of the other programs. After April 15, I may get another program and work on my extensions with both programs so I can have a better comparison. See how ATX improves.

And they did it to me again, changed the address for Kentucky residents. Sheesh. Now again, I have a bunch of preprinted envelopes I can't use.

Real finicky. I click, delay, think I need to click again, the first click checks in, then my second click checks in and undoes the first click. Say what. I'm getting jumpy with the mouse.

The print menu has a lot of quirkiness. Still haven't figured it all out. Whew.

With or without a new item, it should still show up on the form. And I wouldn't want to override if the actual info is in there and being calculated throughout the return.

Suddenly one I was working on didn't do it. Voila. Still befuddled. Not sure if I did something different, didn't do something different.

If I sign out and come back soon, I'm signed out and have to sign back in. But if I don't come back for a while, I'm already signed in. Strange. Just recently started happening.