grandmabee

You will have to fill out the form to pay his half of the SS as if it was withheld.

no

I don't think that applies for an Irrevocable trust. I think it goes on a 1041

personally I would amend son return now and paper file parent now with claiming the son. I have done that in the past with no problem. Amended returns turns take so much time to process. I would not file without son then amend with son. I won't file a return I know is wrong.

or on form 1116 you can check that box also on top of form to use without the 1116 if under 300/600

good chance they max out on SS too.

you would do a form 982 if exceptions

go to schedule D and their is tab for sale of residence. If no 1099-S issued and under the reporting amount you can skip it BUT I always report it to be on the safe side. Clients don't always bring in the 1099-s

I would go with zero because it is the marked as first return on the 1120S

Yes, you are fine with the same schedule C. Hope you get to feeling better, sounds like you are having hard year and wish you the best.

I think it only takes 12 credits per term to be considered full time student. So yes you can also have a full time job.

It is bonus depreciation and allowed on rentals. You can opt out and do regular depreciation. use the options tab on fixed assets

No I did not have to call ATX.

I did one last year and it went thru without any problems. You need to make sure you mark it amended.

Oops I guess I read wrong, I was answering as 2 duplex not 4. So yes I would split into 4.

a duplex has a joint wall on the same tax lot. In my area we can't split for a sale. Maybe it depends on counties and states. Yes it is two separate home but still joined.

what printer is it? I have a 3 year old printer and it works with no problem.

I would separate it into 2 rentals, not four because you can't sell just one half of a duplex. If you are living in one part of the duplex then I would separate that one out. But if all four are rented do just 2. also allocate land and buildings.

if the S-corp owns the land the sale is reported on the 1120-S. basis is what is on the balance sheet of the Corp. it will flow thru to the K-1's

or hit the nominee button for code.

it is addressed in the news report on your program. only effects banking products.

it will go on the 4797. the K-1 should have a attachment with the details for you to input into 4797

Gift of over 15,000. gift tax return needs to be filed. Her basis is fathers basis plus any gift tax paid. Now is the time to hunt down the fathers basis.

you can use the MFJ vs MFS worksheet.

None of mine have been accepted. I did sent them out 01/30 and 01/31. Does make me nervous.