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grandmabee

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About grandmabee

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  1. it's because of this year with IRS closing down and not full staffed as of yet. other option is to tell them to pay the bill and wait for both refunds to come once everything works out.
  2. Crap, I didn't see ATX deadline for e-filing. I have 2 picking up today. Guess only option is to paper and stay in the pile of unprocessed returns. Both are refunds.
  3. Google is your best friend for the unknown
  4. Doesn't Oregon have 11 counties that qualify? I did find a place on the main information tab to input the FEMA code. But instruction say to write across top of 1040 in red federal disaster area. But I don't want to paper file.
  5. Where do I enter that my client qualifies for the extended time to file the 2019 tax return because of a federally declared disaster?
  6. You can have more than one version of QB on your computer. I have about 6 that I still use for clients who have older versions and don't want to upgrade. I try to only upgrade every other year if possible, but sometimes I have to get another one when a client comes in with a higher version than I do.
  7. Found it myself. Had my screen to big and couldn't see it in the details section. I think partly is because I am getting tired, working too many hours for these late comers. I need to figure out how not to be in this situation next year. I need to have a drop dead date, if not in not going to be done.
  8. grandmabee

    6252

    Help, Doing installment sale of rental thru the fixed assets. Everything is going fine until it is time for me to put the line 21 payments received in current year. I can't find where to input that. I tried filling out the input sheet with everything again then it doubles up the sale. I know I am just missing where to input current year payments. TIA
  9. what type of business C corp. or S- corp. ? schedule C. schedule C cannot. Corporation possible if they sell and buy stock.
  10. To those of you who use the ATX portal, it it user friendly? I have an offer to add to my MAX for 500.00 or is there a outside portal program that is just as good but less expensive. TIA
  11. In my case no liabilities. But if there is shareholder basis doesn't that come into play before taxable. the distribution (gain) would offset basis and only be taxable if take basis below 0.
  12. Do you know if ATX has this in forms? I looked in elections and could not find so I guess I must type up from scratch and attach in PDF. In the search I found where it showed you could do it in interview but I don't see it there either. Maybe another program from Wolters Kluwer.
  13. I would stop the deprec. on the old one in fixed assets but choose do not report gain or lose so your deprec. will be correct for the time period. then I would set up the new rental in fixed assets with the correct figures. I always put a note the it is from a 1031 exchange in case they go somewhere else in the future. I don't think the 8824 form will move it to the fixed assets correctly.
  14. I have a schedule C filer who converted to a S-corp in 2019. the assets are being converted over to the S-Corp. at lower of FMV or adjust basis. So does the 351 statement get attached to the 1120S return or to the 1040 return? TIA
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