Pacun

It seems that this person had income from DC based on the original post. It is interesting also to see that the poster didn't say that a W-2 was issued but I was under the impression. According to what I read, it seems that the requirement is physical presence of more than 183 even if you are a resident of another state. But I have never seen a return prepared for students who are wealthy and are earning soft earned money while attending American, Catholic, Howard, George Washington or Georgetown Universities.

This is what I would set up. I would ask one of my siblings to gift some money to my father by paying the rent or part of it. I would ask my other sibling to gift money to my father for food. I would ask the other to pay for medical expenses. I doubt there will be much more money left for me and I would also welcome a gift from my siblings. My siblings can gift me money because they are not receiving anything in return... I am doing whatever I am doing for my father and he is enjoying the benefits of my care.

Make sure you have NOT check box 13 on W-2 entry form.

How much Federal income does he have? His standard deduction for 3/4 is 9K. DC counts physical presence... so, he will have to pay taxes on 3/4 if he lived in DC 9 months.

So, Zel's has to file a 709 form?

I can help you with the part year return. It is very simple, enter the dates lived in DC... I usually pay them their fair portion of the tax on DC 40. For example, is someone lives from January 1, to May 31, and then went back to his state and came back to DC September 1, and stayed for the rest of the year, I enter the dates to include 8 months in the district and since in this case the other state is far away, I enter the amounts based on the W-2 information. In this case, I would enter the whole amount for DC. DC doesn't have D-40NR Let's say that you work for the red cross and you lived 8 months in DC and 4 months in another state, I would use this formula to calculate DC fair's portion. I would enter the W-2 income on form 1040. That whole income would be transfer to DC income. On page 2, line 8, income received while non-resident, I would enter the enter =(W-2Income\12*4) and the rest will be done automatically. Provided that you... on data tab, entered the correct dates that will be ONLY 8 months. Same is true for someone who works in VA, lives in the District and in the middle of the year moves to MD keeping the same job. In this case, VA gets 0, MD gets 1/2 of the income and DC gets the other half due to the reciprocity agreements. People here in these three states only pay income taxes where they live. NT.- About 10 years ago, I sent ATX the formula that they should use to help us not to make a mistake when entering the dates of residency and they didn't fix it. So for example, you have a single person who lived in the district from June 1, 2019 until the end of the year and you by mistake enter from June 1, 2019 until Dec 31, 2020, the program will give you a standard deduction of more than $18,000. By the way, DC follow the new Federal Standard deduction and no personal exemption. And if you enter the date of Dec 31, 2021, you will get a bigger standard deduction and your Earn Income Credit which is 32% of the federal will be almost as big of the federal. Thank you for reading the previous paragraph which you can eliminate because we, tax preparers, never make a mistake, correct?

It used to be so easy to change the forms. You used to do one click and then point to the correct field divider and you would expand fields the same way you do it in Excel. I have not done that for years and now I don't find it.

I know but tax payers don't like if they see their name on their return as Pac... they assume that I made a mistake. So, for example if I type... Maria E Calderon Solano but tax payer only sees Maria E Calderon Sol.... they will call me immediately and say.... "I am not related to ex-president of El Salvador".

I guess carrying forward assumes that a taxpayer is trying to avoid penalties next year. Since his tax liability was 0 this year, they expect that the penalty next year will be 0*110%. I would also agree with the IRS if they think that they will ONLY hold money that will belong to the IRS next year. In this case it is very unlikely. My last thought would be that if I wanted to hide money from my vendors or a lawsuit, the IRS will be the best "bank" to have my money.

How do I enlarge the box of the last name for dependents? I prefer not to change the master 1040 if I don't have to, but if that's the only choice, I will do it.

What form are you talking about? 1040NR or 1040?

Add that information on the explanation. Add Name, SS#, months lived with taxpayer, Relationship and date of birth.

One of the items the IRS looks for active participation is the fact that you look for tenants.

I would be more concerned about physical participation and QBI. IRS can argue that this is treated as a payment to a management company. It is deductible as a commission, as professional Fee, management company fee. I see two issues with this transaction... if there is a loss, the loss cannot taken this year... if there a gain and no 1099 was issued, the QBI credit should not be allowed. If you want to treat a rental as a business, you have to behave as a business. Businesses are required to issue 1099-misc.

I would ask the parent to give the child $1,200 because it is legal and less expensive for them. If you take out child from return, it will cost them $2,000 plus what you will charge them.

The smile on your picture goes in accordance to what you wrote.

That's the lady that works for H and R Block in DC, correct?

Cash the check and when it clears, pull out your checkbook and make a check payable to the sister and put it in her tomb.

Just give them the depreciation schedule for the years taken and tell them to keep that handy when they sell the house. Chances are that you will not be their preparer when they sell or inherit the house.

How much money did the person made while abroad and without "green card". File as resident by reporting global income and attaching a letter stating that both tax payer agree to treat the foreigner as a resident for tax purposes. Then you can take the credit.

If you can see page 2 of 1040X, pull down the file menu and "print current page"

There are companies that try to recover your data but it is just a matter of luck if you get any files. Most companies with charge you about $1,000 just to look at your hard drive and then more if they believe they can recover your data. ATX will only keep track of your efiles. I don't know if they keep a copy of the efile files but for sure they have records if your returns were accepted or rejected. Doshikc, ATX will not charge you again for the software you have purchased already. Just log on to their site and you should be able to download it again and install it.

the main idea of an air bnb is to make money from renting your free space, not by selling breakfast. What is substantial? Let run some numbers... Let's say you rent a room for $100 a night. $90 is for the room itself and $10 for the amenities. Do you still think it is schedule C?

What's wrong with Schedule E with 27.5 years depreciation? They are renting living accommodations except that their clients select to use it only for temporary basis. If a client comes and decides to rent it for a year, the owner of the air bnb will not have any objection. The breakfast is incidental like the free continental breakfast that hotels offer. The fact that the hotel offers breakfast and snack doesn't make them a restaurant. If schedule C is the consensus, what if I have an air bnb and I hire someone to prepare breakfast?

We all need a good excuse to visit the liquor store... and who said the liquor store are not essential???