grandmabee

I locked in last year. but also received the email for 15% discount. Haven't checked it out yet.

Yes, they received they city license, permit to operate an Airbnb

Anyone work with one of these. I have a client who purchased a separate house and turned it into a Airbnb. They provide breakfast and snacks etc. I am putting them on Schedule C because they are providing service. They will never use personal because it is next door to their personal residence. What life for the house? I think 39 yrs but can't get ATX to use it without red error showing up. Not sure what I am inputting wrong. TIA

contact ATX they have a retrival program that saved my bacon when I had a hard drive crash. I was able to restore all files that I had e-filed. Cost at that time was 99.00 2-3 years ago.

I finally found where on the E the input goes. All is good. Thanks

I know I am supposed to input prior losses from 8582 on the schedule E (new Client) but I can't find where it is at. thanks for any help. I know I am just not seeing it.

You always go into great detail and explain everything, I seem to make my answers too short and to the point without the details. You are an asset to this group.

I have had this happen on more than one client. If they take it out when they discover the error and ask for abate of penalty I have never had any refused the abatement of penalty. So if he would not have owed tax on the amount or interest then I would just move on and have the estate distribute the IRA and let the beneficiary pay the tax.

Ordinary income only. No capital gain from sale

I thought it was the individual shareholder's responsible to keep track of their own stock basis, not the Corporation. So if the preparer of the Corp. tax return did not do the other shareholder personal tax return then it is on the shareholder to keep track.

He had to have stock in an S-corp. What is his basis? if none then yes taxable on schedule D. But you can offset the amount of check by his basis. If you have his K-1's from beginning you can reconstruct his basis.

No there is a process to make the adjustment on the current return which is 2018 for you.

2nd quarter estimated extended to 07/15/20 refund for 2016 extended to 07/15/20 I am waiting for them to extend the 941 for 1st quarter.

Are you using ATX MAX if so then you have it in the payroll module.

Used to be a shipping fee then changed to processing fee when they didn't ship out anything.

I would bonus both the hot water tank and the refrid. I also would depreciate the floor under 27.5. I do not/cannot take 179 on residential rentals.

yes, go to int input sheet , not the B. click on tab for details and click on Name heading the hit the apply sort button.

yes

you will need to file the 4868 by July 15th to get the extra time to 10/15/20

its on bottom of input listed as UPE you can only put a number.

What kind of LLC, single member, S-corp etc. If single member it won't matter. If S-corp you don't want to put real estate into Corporation.

I have all my letters say to be efiled and when I receive the signed 8879 back I efile the return. No need to change the letter before efiling.

Yes, Schedule E input total disposition.

Yes, Extension

Fill out the injured spouse form. There is a calculation that is done.