DevM

Thank you!!!

Can some one recommend a Tax attorney in FL..? I have a friend who was audited for sales tax and is looking for an attorney. Preferably in Tallahassee or Jacksonville area.

PM me. I have done a few. I can walk you thru..

When I upgraded from WIn2016 to Win2019, I copied all backup files of ATX and Payroll from 2013 to the new server. If you have a need to use Payroll from 2015 onwards, you will need to install the software, apply license keys for each year and restore from backup for each year. I also have PDF copies of all 1099's, W2s and Qtrly reports so no issues.

I have Lenovo laptop with windows 11 and installed ATX 2017 thro ATX2022. All have been running fine.

I think it was updated around 2/8

It does show as distribution to Other Adjustment account.. so in your case it will show as distribution from 71K (Other addition). Clink of line 7 (Distribution) M2 and you will see the flow.

you add Loan Forgiveness to AAA as other additions (i.e additional paid in Capital). If the EOY basis is still negative.. no Distribution. If there is distribution it will go as carryover Loss.

you need to put it on Sch K (Page 3 of 1120S line 16B the amount that is forgiven. ATX program has been fixed to populate M1 Line 5a and M2 line 3 (Other additions)

It is populating based on what you have in E-file tab in Preparer manager.

Looks like ATX has fixed the issue with current release of updates.

Yes.

NJ PTE payments must be made online.. https://www.state.nj.us/treasury/taxation/ptepmtsystem.shtml

I have opened an issue with ATX add GP on M2 Line 7. will post the response.

In my opinion ATX is working fine as far as adding GP to M1 Line 3, however it should also deduct on Line 7 of M2 unless they left it out due to some other adjustments needed 743(b)..?