taxit

Your client may have the full loss to show on their return. They should have a 1041 K-1 which should show what they have to use. If the expenses on the 1041 were enough to wipe out the income on the 1041, the capital loss may not have been used. Although it still would have been shown. I believe there is a 1041 K-1 floating around somewhere.

If the deed was transferred to the beneficiary and then sold it goes on their 1040 tax return. If still in the deceased name when sold it would go on the 1041.

You may have a space in front of W2.

Have you tried contacting NY ?

I sent tech support an email with the information you mentioned right after I read your post. I haven't heard anything yet. It still takes about 8 min before the printer starts to print. After it starts it prints very fast. Someone from the CCH/ATX community said they tried the print driver from a hp1200 and it improved the print start speed. I'm going to give it a try.

Thanks for the info.

Is anyone else having an issue with printer speed? I tried to print my 1st 1040 return today ,1040-a-c-se-4562-PA40-c, and it took 8 min before it even started to print. Once it started it printed very fast. In 2007 ATX the same return started in about 15 seconds. Thanks for any info.

Make sure you have selected the farm at the top of the worksheet.

If you go to the Rollover Manager and then click on rollover at the top of the screen, there will be a drop down list. Click on "rollover paid preparer information". I have 8 preparers and they all rolled over.

I'm at my office and the community opened without a problem. Thank you!

Thank you Erc,but I didn't mean to create more work for you.I will let you know if the problem is solved. Have a great day!

One other thing,I'm not sure if this has any bearing on the problem, I have the community set as my home page.

I got that note when you first made the move. Now it says Explorer can not open the page and says make sure I am connected to the internet.

Is anyone else having any problem getting to this community? At my home computer I have no problem. At my office I got on last Friday and haven't been able to get back on since. Thanks for any help!

I did one last year and it was very easy. I had all my employees sit in.

KC where is the check box to delete you referred to?

I did not look for the post Mel, but I remember you posting that information. It wasn't long after we were sure ATX was still going to be around at least one more tax season.

That is how I have entered the information. However, the client has other income and expense for the llc and I was hoping I could put it all on a Sch C. I posted because I thought if I did use Sch C for all of the income, there might be a mis-match of income since there would not be a Shc E, page 2. I will need to allocate the expenses between the Sch C and the Sch E. Thank you all for your your help. Gary

I have a client that set up an LLC as a disregarded entity. He has income and expense to report on a Sch C. He also had the disregarded entity become a partner in a partnership and received a K-1. Can I report the K-1 income on the Sch C or will there be a matching problem with IRS? Thanks for any opinions or experience with this.

The government is reminding people to file a tax return even if they normally do not need to. Because if they have qualifying income, at least $3000 SS, they will recieve a stimulus payment. These people would not have a tax liability but still get the stimulus.

August 31, 1041 due on December 15,2008

I believe in this situation, IRS had to receive the 2004 1040 by April 15, 2008. Post marked by 4/15/2008 will not work.

Does Alabama follow the Federal 1040 as far as a rental 1031 tax free exchange? Some states do not reconize a 1031 exchange. I could not find anything in Alabama's instructions about a 1031. Thanks for any information.

Thank you for the info. I am registered to file business returns, however the 990-N rejected and I can not recreate the efile. It tells me I need to contact Tech support which is off today. I also am not billing for this and it was brought in today. I did see that there is no penalty for filing late, so I will contact Tech Support tomorrow.

Can the 990-N be efiled thru ATX and if so is there a signature form required?