Marie

previous preparer is not in office currently because of the virus.  I think father is going to help son pay the tax bill.  It would days of work to figure out and I didn't make the mistake

yes, that's how I thought, just looking for something else to help the son out.  It was just a mistake on the previous tax preparer, but nothing to do about it now, I guess.  thanks

Father and son were farming.  Previous preparer depreciated machinery as if the father owned, but it was actually the son's.  Now son has sold the machinery.  Father is gifting farm machinery to son.  Basis is very low as most has been almost depreciated out on father's return.  Son receives father's basis as his basis.  Son has not depreciated gifted machinery.   If son held for more than 2 years, could he sell the machinery as capital gain income?  Does son receive his father's long term basis, maybe? 

NEVER MIND, GOT HELP FROM ATX

Doesn't anyone else do farmers with dairies? 

Now when I override, I'm getting numbers that don't add up.  It's all screwed up.  Must be missing something?

DPAD from milk coops like DFA goes on line 38.  Before the update on March 20, I would fill in on line 38, it would add to 199A deduct and had a total.

Now since the update, I get an error saying that line 38 can't be more than line 33 minus line 37.  ok, but the program doesn't auto fill and I have to override to get the numbers in the lines.  Is anyone else having this problem? Am I missing a tab to fill in? 

Most do not want the ACTC, so I delete the 8812  from my return. 

Can a superceded return be efiled in ATX?  Forgot to put in the estimate payments

yes, atx    thanks

can i still efile a 2018 return? 

OK, GOOD, THANK YOU

S corp farm sells part of the land it owns.  How is basis figured.  S corp basis, or each individual shareholder's basis.  (just land, no depreciation recapture) 

So is basis figured on the scorp's 8949, or is the total sale reported and each shareholder figures his cost?

ok, thanks for responding

Has no one ever seen that?  What is it for?  Also  how does everyone else keep track of those IRS263 purchases.

What is that for?  i have some IRC263 (a) assets I'd like to keep track of, is this where I put them, select 263 (shows up in red)

Or do you just keep a list for yourself, and put the IRC263 asset writeoffs on the Sch F, other deductions?

it was on a Sch e farm partnership, would that make a difference

my se tax nor my sehi deduction is automatic.  I marked the boxes on the F schedule and c schedule, where it says qualified business

what else should i look for?

Am i not filling out correct, or do I have to put in the se tax deduction and the health insurance deduct on the activites worksheet?  The worksheet fills in the other boxes, income from sch C;s and 4797 ordinary gain 

I understand I have to install windows 10 for this year's tax software to work properly.  Is this going to impact my other programs?   I am not changing computers.

Any things I need to take notice of, any info would be helpful.  Has anyone had lots of problems?

Husband and wife are partners in a business.  Wife gets guaranteed payments and both are 50/50 in profit.  Husband also runs another business separate from the partnership.

We want to set up a SEP.  Husband's separate business is eligible (and he has no employees)  What about the profit from the partnership?  The partnership does have employees.  Can I use ptshp income for SEP? or only the profit from the separate business? 

ATX SEP worksheet puts the partnership income into the calculation by default

Client has a business and a farm, business has profit, farm doesn't.  The numbers that are coming up on the worksheet are not the numbers that are on the sch c or sch f.  I cant' figure where the numbers are coming from ?  What should I be looking at?  When I change the numbers, and then hit restore, it goes back to the original ones. 

Also, the profit and loss are not the determing factor, 199a deduction will be half of wages, but i still like to know how it works.

THANKS TO ALL

same return, sole prop for both mfg and farm.  building was vacated by mfg business on Apr 1, and used as farm building immediately afterwards. 

So, I take the original cost minus depreciation taken as mfg business, and that will be my basis for depreciation for the farm?  20 year building, no 179 or bonus.

Building was a 39 year asset when used for mfg building.  business has moved and building is now being used for farm purposes, 20 year property.  How do I change?