grandmabee

There is a credit she would qualify for the repayment of taxable income. Depends on the amount if credit or Sch A. deduction.

Compensation is W-2 wages. If they didn't pay wages last year, take it to distr. if they are over their basis then tax it. For 2020 set up on Payroll. You can't redo what didn't happen.

2019 is better than 2018 which is a real mess.

I agree it is a prize not gambling, that is why it is in box 3 other income. no losses to offset.

Yes, I realize that but if information is not available then paper it will have to be.

I have one like this also from 2005 before I started doing her return. Now she is hunting to see if she has the return. otherwise I am going without it.

The news I read they were talking about the 6 month extension, which is automatic anyway. But there were thinking of extending the payment due past April 15th. I don't know if I even care, I am so burnt out by April 15th I don't think I would be working on taxes until May any way.

I am doing a sale of rental and I know the land part of the sale goes on line 2 part 1 of 4797 even with the 6252. for the life of me I can't get the program to put it there. keeps dumping in line 4 part 1 of 4797. what am I missing on the input of the sale. I am doing it thru the fixed asset schedule. any help would be appreciated. I have been working on this for hours or at least it seems that way.

I have used ATX since the beginning and this is the first year this has happened to me. I have a up to date computer with SSD 16g but since Windows 10 I now have printing problem. Don't know if I have the large address thing. But yes I need this to be fixed. Way too slow of a process that I shouldn't have to deal with.

Schedule S for other state tax credit. I have a Oregon resident who sold CA property at a gain. I can't get the form S to fill out. I put everything in for the numbers and they should get a credit for double taxed income.

I have the same problem. I never open two files at the same time. But I can only print 2 or maybe 3 returns in a roll before the error occurs. I haven't call ATX because I was waiting for them to fix it, but I guess I should call too. Or maybe calling is a waste of time.

Correct do the worksheet on the sale of residence tab on 8949. only recapture depreciation .

I think it was an error not a change in accounting methods. I would probably just file an amended 1120s and mark it cash.

Yes, But ATX is moving it to the misc deduction NOT subject to 2%, therefor taking the deduction on Schedule A.

Thank you, it made me chuckle, I guess I could also look up the instruction before I asked on here.

Yes, but I still have most of my clients that itemize for state, which would help alot.

Yes, I knew that, but I guess not sure how to show on return. Do I change everything on the 6252 or just the gross profit % number. now we have to complete part one each year, not just year of sale.

Hate them but can't work without them. I so wish someone else would come up another program. I just got my payroll renewal. 615.00

I thought that is was no longer in effect starting 2018. But ATX program is taking it to Schedule A as misc. deduction line 16 from the K-1 input I think this must be a program error. I will call ATX Monday and keep this updated. Unless I missed where it came back.

I haven't done one of these in years. If a client takes a discount and settles for less for a payoff on an installment sale, how do I report that?

We are talking about Medicaid not Medicare correct? Daughter is concerned her benefits will drop if someone is claiming her as a dependent.

Also it will be an automatic correct as math error from IRS during processing.

The parent received their refund in the same time frame as a normal paper filed return. The child's return I don't know because they didn't get a refund or pay anything different on the amended return and they received the refund from the e-filed return also in normal time.

I also enter them one by one BUT I don't put in all the information. I don't do the transaction number and have never heard back on one. I have received an letter when they were missing a W-2G being reported. At that time I just totaled and put in gambling winnings entered no W-2G. my total didn't match all the W-2G's the letter was a long one listing every W-2g they had and saying we didn't claim any of them. Took awhile to get it fixed. We were just off one W-2G not all of them. They smacked on a big under reporting penalty too, but was able to fix it all and just claim the small missing amount

I don't contact anyone until week of the 15th asking if they want a extension filed. Some I don't at all if I think they could have done their own or fairly new client.