sheila

So no one here works with oil & gas clients?

2015 was the first tax season for me to use ATX (because of a job change) & after using Lacerte and ProSystem fx it was a nightmare!  One of the largest struggles was oil/gas working interests. In the other programs I could enter income/expenses/depreciable assets for each well and the program would calculate depletion limitations/carryovers .  I don't see any way to do this in ATX so used excel spreadsheets and then transferred totals into ATX.  How do you handle oil/gas working interests?  How do you keep track of depletion carry overs etc?  any help is appreciated!