Catherine

Get the trust document and read it. Typically, revocable living trusts say something on the order of "upon my death, all my assets go into the trust and get split according to Schedule appended" or something. That should tell you how to proceed with all the stuff that went in to the trust.

Write up all the details now, so when the letter arrives in six to eighteen months, you won't be trying to remember the details. Get statements and confirmations, too, to back up the case.

Thank you, @GraceNY - that's where I thought, but bless me if I could find ANYTHING discussing the issue of where/how to report. Limits, testing, vesting, who qualifies or doesn't, the current phase of the moon, best time to plant anise - but nothing on where to report the deduction.

Client has self-employment; simple sch C. She started a safe harbor 401k (broker advice; she could have put more away with a SEP...sigh). How on earth do I report this on Sch C? SE pensions etc all say SEP and SIMPLE but not 401k. On the "pensions" line of Sch C (which would lower SE tax, too, and which I don't think can be right)? Or as an adjustment to income on one of the new schedules?

Attach a pdf to the return! That's an easy fix.

With all of Judy's cautions, of course none of us should be doing legal work. However, I had never considered asking to SEE the black book. Considering the repercussions of it not being properly filled out, I can see (a) asking to see it, and if it's not in good shape, (b) cautioning the client - in writing - about the possible dangers of leaving it undone. NOT legal advice, but rather "in a case on audit, IRS disallowed corp status and s-corp election, result major penalties that shut business" because those statements are TAX advice - which IS our job.

And don't forget the Section (whatever; I forget - it's late) election to treat distributions in the first 65 days of the year as having been made in the prior year.

Get a copy of the trust. There may be provisions allowing distribution of corpus as well as current income. If so, then yes it can be passed on a K-1 to the beneficiary.

I have also seen requests for Form 56 (assignment/statement of fiduciary), to go with the 1310.

You found it *because* you asked!

And here is one version of an old story. WARNING: potty-mouth terms used as you get farther in. Password reset A man was was unable to log into his online banking account and he pulled up the online chat support. "I put in my password and I cannot access my account" "Sorry that password has expired - you must register a new one." "Did anyone discover that password and hack my computer?" "No, but your password has expired - you must get a new one." "Why then do I need a new one as that one seems to be working pretty well?" "Well, you must get a new one as they automatically expire every 90 days." "Can I use the old one and just re-register it?" "No, you must get a new one." "I don't want a new one as that is one more thing for me to remember." "Sorry, you must get a new one." "OK, roses." "Sorry you must use more letters." "OK, pretty roses" "No good, you must use at least one numerical character." "OK, 1 pretty rose" "Sorry, you cannot use blank spaces." "OK, 1prettyrose" "Sorry, you must use additional characters." "OK, 1fuckingprettyrose" "Sorry, you must use at least one capital letter." "OK,1FUCKINGprettyrose" "Sorry, you cannot use more than one capital letter in a row." "OK, 1Fuckingprettyrose" "Sorry, you cannot use that password as you must use additional letters." "OK, 1Fuckingprettyroseshovedupyourassifyoudon'tgivemeaccessrightfuckingnow" "Sorry, you cannot use that password as it is already being used"

I became an EA in 2004 and an ERO a year or two later. I had to do fingerprints.

I was going to say Abby's script is probably ALL curse words! (joke, Abby)

THAT subset has gotten easier since the invention of the online services/utilities that track basis and create reports. I have one client who can send me an importable csv file, another whose software spits out a properly sub-totaled report that we can append as a pdf like we can do with brokerage statements. They also like that they're not paying ME to calculate gain on every frimping latte they bought with crypto all year long.

Not me, sorry!

Maybe not. It could have been recommended verbally - and then followed up with the prescription later. Or an original prescription was lost and they requested a replacement.

We actually file quite a few returns on or shortly after the 15th. But the first week of April EVERY return gets extended. Then ALL the pressure is off. If we get 'em done and filed, great. If not, it doesn't matter. If I want to leave at 3PM on the 15th and - I dunno, get my nails done - I can leave. If 8879's show up in the fax or the file portal or the mail after that, eh, I'll file 'em the next time I'm in the office.

I just printed one out today for a client coming in soon; thank you SO much!

Great one!

Our letter, in addition to a 3/15 cutoff for ALL docs (not some, not most - all - so that takes care of everyone, lol) states that any return not completed and FILED by April 1st WILL be put on extension. Saves people wanting to come in at 9PM on the 15th to sign. (Those are the ones who would then say "but where's the income from my Amway sales?" that they never, ever mentioned.)

You have my sympathies, Joan!

It's almost that you CAN trust that whatever those three categories say, it is wrong!

If it's a real prescription from a real doctor, why not? I've heard of people needing heat to help stiff joints, and people needing water to exercise without weight or for resistance. Facts and circumstances, always. If you have a reason to suspect the prescription is valid, that's different.

Thanks, all. I was hoping against hope that SOMEONE had a magic wand that would get me out of the 3115 (which I really do NOT feel like doing for this client). Sigh; there's no way out of it. Even if the rental was fully depreciated (not quite; 20 years not 27.5), there were renovations plus the personal unit was rented out for a year and a half. Blarg. This is going to be one nasty long slog, but hey - that's why I get the small bucks, right? Whimper.

ALWAYS the best place to hide... and they are GOOD at hiding, until we ask.