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Colfax Mingo

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  1. House title & Loan are in parents name. Child has been living there and pays mortgage payments and all expenses. How to handle sale of Real Estate?
  2. I've tried that, but the properties of each bookmark is set to Zoom to Width. I could go in and change the properties of each bookmark, but I would still be working on that til next tax season!!!
  3. I'm using Adobe Acrobat Pro DC & when I "Print to PDF" all the bookmarks go the the referenced page & "Zoom to Page Width". Is there a way to change this default to "Zoom to Page Level"? The "zoom to width" is OK For landscape oriented pages but just gives me a view of the top half of the page for portrait oriented pages, while "zoom to page" shows a full page independent of orientation. Not a big deal, just a lot of extra clicks when navigating the tax return Thanks Colfax
  4. Thanks, I just wanted to make sure every thing went OK with the refunds.
  5. Taxpayer died in 2018, spouse wants direct deposit of refund to joint account with his name listed first on the checking account. Will this work if I put his name on the Bank Account Information sheet or should I list her name on the Bank Account Information sheet?
  6. The Missouri worksheet carries the 2019 estimated total AGI form line 1 to total tax on line 10. I think it calculates the filer and spouse columns for tax correctly, but the total column is carried down from the total AGI Column. I hope we don't have a 100% of AGI Tax in 2019 for Missouri, or I am going to have to move to another state. Colfax
  7. Box 5 for SIMPLE IRA but it also does it if you choose Box 3 for SIMPLE 401(k), The other choices don't seem to give you a negative Adjustment to Income.
  8. Line 28, Sch 1 (1040) work sheet computes negative SIMPLE Plan Contribution for taxpayer with negative Schedule C income. Anyone else notice this??? Colfax
  9. Can husband and wife sign separate copies of form 8879 for the same tax return?
  10. Would a duplex count as a first home for the IRA distribution exception?
  11. Taxpayer wants to gift rental property to son to use as his personal residence. Son would assume mortgage. Fair Market Value: 100,000 Basis: 90,000 Depreciation; 30,000 Loan Balance: 45,000 How to report on taxpayers Individual 1040 and Gift tax return 709?
  12. Do you need to file K-1's if there are all zeros on form. Last year (2010) is first year of trust with 2 beneficiaries. $100 Interest Income $9000 loss on sale of house on 4797, 140K Sale, 149K Basis $2500 Deductions No Distributable or Taxable Income Will file final 1041 this year (2011) & distribute 9K loss to beneficiaries. Thanks! Always a lot to learn here
  13. It's going to get real lonely here after today. I am in one of the Presidential Disaster Areas in Missouri. My NEW deadline is May 19. I see on the IRS Web site that there are also areas of Arkansas and Georgia with postponed deadlines as well. Is there going to be anyone around here for the next month???
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