BrewOne Posted April 3 Report Share Posted April 3 Second time this has happened to me this year (first was my own return), initial opening of a return in ATX that's been rolled over and there are entries on the 8949. This one was short term gain from "excess distributions" to the tune of $97k. Because this client has a complicated K-1 (1065), I thoroughly went through last year's return and all the worksheets (including basis). Definitely nothing that should show up on this year's return (except some passive losses). 3 1 Quote Link to comment Share on other sites More sharing options...
jklcpa Posted April 3 Report Share Posted April 3 Wow 3 Quote Link to comment Share on other sites More sharing options...
Randall Posted April 4 Report Share Posted April 4 Are you saying ATX rolled over info that wasn't there last year? Quote Link to comment Share on other sites More sharing options...
BrewOne Posted April 4 Author Report Share Posted April 4 that is correct. out of the blue. Fortunately, I saw the large amount due when I opened this return and went hunting for the culprit. Quote Link to comment Share on other sites More sharing options...
Margaret CPA in OH Posted April 4 Report Share Posted April 4 I seem to recall that happening to me once some time ago. I deleted that return and rolled over again. It was fine then. A one shot event for me. Also pointed again to how we must be aware of what's happening and what to expect as an outcome. For me, I typically do a quick review of client documents and have a (really) rough idea of expected bottom line. Such things as a note for QCD and a state deduction or credit which doesn't show up alerts me to something I may have missed. But really not nice to have data that shouldn't be there before even beginning. Did support have any clues? 3 Quote Link to comment Share on other sites More sharing options...
BrewOne Posted April 4 Author Report Share Posted April 4 I didn't call. I've tried Support twice in 12 years and both times ended up more frustrated than before I contacted them, so I just figure out workarounds. 3 Quote Link to comment Share on other sites More sharing options...
Randall Posted April 4 Report Share Posted April 4 2 hours ago, BrewOne said: that is correct. out of the blue. Fortunately, I saw the large amount due when I opened this return and went hunting for the culprit. What was the culprit? I would have done what Margaret did. Delete, go back to 2022 program, open, save. Then back to 2023 program and rollover again. 1 Quote Link to comment Share on other sites More sharing options...
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