Abby Normal

We know if will work if you discard 8962. Sure, you'll get an IRS notice eventually, but that's easily handled.

Usually better to take the foreign tax credit. Also, use the FECWKST to report this income (I think).

The problem is, how do you know the gain or loss on the 1099B is wrong? The only way to prove it is to look at a set transactions that resulted in a wash sale and was later sold, to determine how that broker is doing it.

Have her on the phone while you do it.

Yes

Doesn't ATX require the 1310 to create the efile? I haven't done one recently.

I've resigned myself to paper filing decedent returns with refunds, and advise my clients to make sure they die owing taxes. I tell the family/executor to not make estimated payments after death or near death. So much easier to file a balance due.

Everyone I've seen this year, you enter the proceeds, basis and wash sale amounts as is and it equals the gain(loss) on the 1099B. In the past, there were a few that did not include the wash sale adjustment in the gain(loss) and that always gave me pause.

Maybe you can get it for her. https://www.irs.gov/identity-theft-fraud-scams/retrieve-your-ip-pin

If you're using 75% in the Illinois column of form NR for the unemployment income, I think it makes sense to use 75% of the subtraction as well, but I only do 1 IL return a year. I wish all the states would get together and have conformity for part year returns. I've seen people get really screwed moving between states.

We give them candy.

Facepalm Sunday

Centrifugal force warning!

Turned out to be a good move to not have her name on anything so all of the land got a step up in basis, not just half of the land. It might be different in community property states.

It's interest.

20 boxes of paper would last me about 10 years.

Do you mean RRC (Recovery Rebate Credit)?

Thanks, Possi! Even though MD has excluded UI, they used lower income limits, so it's looking like the fed exclusion will be a MD addition, then if you qualify for the MD exclusion, you can calculate that.

I already posted the latest from irs.gov that covers the Social Security calculation and others.

My policy is to assume they got the stimulus if their AGI was low enough and let the IRS sort it out.

I can't believe they took down the site to check and see if the payments were sent.

From 4835 instructions: Partnership or S corporation with rental income and expenses from crop and livestock shares—instead report on Form 8825.

Sounds like it.

Use 8825? Is it a flat rental or rent depends on production? If 4835 doesn't work and it's not a flat rental, just put it on the 1120S.