mcb39

Who knows where we all will be by October, 2025? I have already been told that my not so old computer will not update to Win 11, so my plan is to coast for at least another year. My techie stays on top of this so I will let him worry about it. When I have to update, I might just have to retire.

I will stick with 10 as long as it is supported. My hardware is not receptive to updates to 11. I am not ready or able to invest in all new hardware; nor do I want to.

I will believe it when I see it.

I am not willing to agonize over it all Summer. No interest on money in the bank anyway. I renewed last week!

Yes. Peace of mind, if nothing else. With the cost of all supplies increasing, every dollar saved is critical.

Today I treat myself to my first ever (just because) hairdo at the salon. I might work this afternoon or I might just take a nap. Ah, sweet freedom.

Although I don't gamble, I want to be that person. Both of my parents lived into their 90s as well as my maternal Grandparents.

I will probably do the same. I have been looking at other programs and have already turned down ATX. However, due to my age, as well, I will most likely bite the bullet. Just get it over with, move on to finish the extensions and enjoy a happy summer.

My first program was a pencil and paper; second was a typewriter and a copy machine; third was Parsons and on to ATX. And away I went.

Having been a Parsons Tax Edge user and losing them to Intuit is the reason that I will never use an Intuit product. They purchased and trashed a beautifully operating program and almost put a lot of us out of business. Fortunately, I found Saber and have been with them through their entire evolution to what ATX is today. I have never had a serious issue with either Saber or ATX and due to my age, will probably stay with them until the end. The assistant that I am training is learning and loves the program as well. I, personally, am too old to make a drastic change at this point.

It will depend on how much, if any, income the student has at that time.

I cannot clarify that as she came to me with the Carryover loss already established and I don't know the particulars of the story. They have been with me for several years and have never been questioned by the IRS since I have known them.

That is correct. If she attends as a half-year student and is still under 24; they can take her back as a dependent. Always remember that the tuition credit follows the dependency and in a case like this will usually not help the student taxwise. It doesn't matter who pays the tuition. We have at least one of these every year.

This is exactly what I was going to say.

Before she became my client, which is many years ago; she inherited a $600,000 house from her father and sold it for approximately $400,000 just to get rid of it because it was standing empty. They wipe some of it out with CG; the most prominent one two years ago when they sold a Rental property. They still have a lot of CL left. Even more astonishing; WI only allows a $500 CL per year. They are a nice couple who are secure as one can be these days. They have invested wisely and live a happy, but not ostentatious life. They winter in AZ and come home in April. I have to say that when they first came to me, I was as intimidated as I have ever been. I thought they were way out of my league. That is no longer true. They trust me explicitly and I value them as clients.

That would be rare and amazing. My client is carrying a $200,000 carryover loss on the sale of an inherited house.

And, Inherited, is one case where she could possibly have a LT Capital loss. I have a client who will never outlive her carryforward $3000 a year loss.

Irregardless, Inherited is always long term.

In Wisconsin, it would be community property.

I just tell them that I have to have it as an attached PDF file. They will usually comply. I refuse to accept screen shots. It is on them to furnish me with the correct paperwork.

I just had one as well. He swore he didn't have an ID Pin. He told us to refile with last years pin, which, of course, also got rejected. These pins are issued because clients are or were at some point subject to possible identity theft. We ended up paper filing the return. Client was not happy with US and I doubt that we will ever see him again. We know he got the pin and just discarded or can't find it. He was not willing to ask the IRS for a copy of the Pin for 2022.

Good Grief!!!!!

Thanks to all of you and my daughter-in-law; even though I wasted a whole day, I have a handle on this now. The next hurdle will be to get the program to accept the contributions. Again, THANK YOU all so very much. Happy Holiday to all.

But, is the Marketplace considered a HDHP?

Can a retired person contribute money to an HSA when they only insurance she has is the Marketplace? I thought you had to be employed. Correct me.