Bob Hoffman

I'm not sure you need anything other "rule" but hobby loss restrictions. Is there a reason you need another? They have all but admitted to you that it will be a hobby.

Oh...Oh...

It's not stupid; that is exactly what I did in 2006, the year he died. 2007 she is filing single. Thanks for your input.

Thank you, Margaret.

John- Is this a federal reg or just common sense in your mind. I'm having a hard time finding any sites that speak to the issue of housing allowances for widows of ministers.

In the past a retired minister client of mine received a pension from Concordia that included a provision for housing (up to 100% of allowable housing) He has passed away. I'm just wondering whether the allowance is still available only for his widow? I will be investigating further; just wondered whether anyone had any experience in this matter. Thanks in advance!

Classic!

Ladies and gentlemen, I think we are being pranked!

Section 125 is informational and provides a reconciliation between gross wages and taxable wages (just like 401 (k), 403 (B ), etc)

Margaret- I have had situations where multiple years worth of non-deductible contributions were not 8606'd (if you will) in prior years. I have included the sum total of them - after corroboration from the broker on the amount of contribution- and attached a note to that effect on the tax return for the year of reporting the withdrawals. You were not dealt a perfect hand as far as prior years reporting but it certainly more likely than not that youy are on the correct path.

Most rollover, some don't.....Strange!

It isn't marginal tax. Sounds like average tax rate to me.

I agree. The Mini Organizer was a very useful tool for thise of my clients that wanted it. Why would CCH eliminate this item? I cant believe in the interests of program size or such.

My client received only a 1099-B to report the sales. Are you suggesting that no official reporting be made to the siblings? Is there such a thing as a 1099-B nominee forms?

Hi, everyone. I am confused about the proper way to handle (report) the following situation: My client was among three siblings who inherited a brokerage account that included stock. I know the proper valuation of the stock issues as they were sold several months later (in 2007) for a loss. The problem is that my client went and registered the account in all three names as a joint account but used her ss#. Well, the broker has reported all of the proceeds to her and she (and I) wonder how to get the proper information to her siblings. It seems that they should all get the proportionate loss. Any thoughts would be appreciated.

For what it is worth, I have seen no difference in performance between PDF factory (which I kept from 2004) and the PDF selection in the printing section.

Heh..heh..heh

Does anyone remember AMTAX? I thought at the time it was a perfect system. Who ended up buying them out?

Count me in as well. I would be very excited to hear more as this acorn of an idea grows. Bob Hoffman

Mine arrived today as well. :rolleyes:

Great Idea!

Thanks, Taxbilly The willingness of people on this forum to share resources and expertise makes this one of my favorite sites.

I stuck with MAX for this year. It still serves my needs.