kcjenkins

What is it that when you take away the whole, you still have some left over?

The problem is that he really does not have a loss to deduct. Because when he put it in, he put it in out of pre-taxed income. So his basis is zero in it, for TAX purposes. Also, even if he had made non-deductible contributions, which would give him some basis in the IRA, the rules are that you can only claim the loss when you take out ALL of your IRA money.

The shipping on the books that come with the TTO cost a lot more than $10. I got mine in two different shipments, and I don't remember the exact amount, but I know that they were fairly expensive shipping cost. I also think the % increase ignores the fact that they are also adding features. I have not made the decision yet, but I think the decision to renew should be based on more significant issues than a very modest price increase. KC

If you are sending a payment, you send to P.O. Box 660575 Dallas, TX 75266-0575 USA If no payment, send to Austin, TX 73301-0215 USA

The K-1 Line 11A would be income. Don't mix that up with investment fees that the client pays, this would be investment fees refunded to the partnership, which would normally be taxable because they had been deducted as an expense in a prior period. Similar to state tax refund being taxable if you itemized and deducted them in the prior year.

Try deleting the efile files, it's an option in the lefthand menu in the E Service tab, and then go back and 'create' a new efile. KC