Marie

ok, that is what I thought, but when I read info it sounded like short term rentals were SE income. When I put the loss on Sch e page 2, it allowed all $50,000 loss for the one partner who is the majority owner. Is that correct?

1st year, only losses. campground and vrbo is the same entity. It is mostly a campground for horse people who want to camp and ride their horses on tralls. No services except showers, water, electricity, internet, etc. It is active participation for both partners. One partner has other SE income on his individual return, so this could reduce his SE liability if the campground is considered SE income

CLIENT IS IN A CAMPGROUND AND ONE HOUSE RENTAL PARTNERSHIP. 1ST YEAR LOSS OVER $50,000. When I put it on the Sch E page 2, it allows t he total loss. is this correct? Is the short term rental SE liable?

I emailed Fincen and they called me back. She read to me that if your only requirement is to register a fictitious name, that business does not have to file

I've read alot on BOI, but want someone else's opinion. In MO, when an individual wants a DBA, the bank requires a fictitious name registration with the secretary of state. I've read that I do not have to do the BOI on that business. Partnerships don't register with the secretary of state, but do fictitious name registration for their bank accounts. None of these are LLC's, which I know have to be registered. Am I reading the instructions correctly?

thank you all

Nothing in the instructions seem to apply to this circumstance. She didn't get a 1099c just a 1099A

OK, THANKS. Is there a place to enter the amounts from the 1099A I can't seem to find a place to put abandoned property. I've done this before, but not lately.

Client received a 1099a on her previous home. It's marked that she was liable for the loan. She has not lived in the home for several years. The FMV is less than the principle balance. How and where is it reported and will any be taxable?

I want to be able to help my clients and report their companies or LLCs to Fincen. What do I do to be able to do this?

Several clients are getting past due notices on their accounts for 2021. Notices have no explanation and clients are frustrated not knowing what the penalty is for. Anyway to find out except getting an 8821 and calling in and sitting on hold?

SOME GOING ON 2 DAYS

OVER A DAY, GUESS NOT FOREVER

Waiting forever for acceptance. Are all MO preparers having the same issue?

father and son were in a partnership in 2017, but then dad decided to get out and just gave son the property and assets in2022. Would that make a difference?

Client and his dad bought a farm in 2017 No fences were set up on depreciation originally. Now client thinks we should set up fences. My thought I would have to set them up as a 2017 asset, which would leave only a few years left. He's wanting to start depreciating this year. I don't think so, am I wrong or right ?

GOOD that makes sense. thanks

I SAW THIS, DOES THAT MEAN IT IS PAID EVEN THOUGH THE PAYMENT HAS NOT BEEN PULLED FROM THE BANK.

We are doing direct debits for more people this year because of the poor service of the post office. We are doing thru ATX software. The federal is going out within a couple of days, but MO isn't pulling their money for days. We set one up for April 5 and it still hasn't been taken today. Is it considered paid if the efile is accepted? Getting too close to April 15 for payments to be considered late. Does anyone know ?

fiduciary return started in 22 and ended 23. federal return efiled but can't get the MO to create. What am I doing wrong?

Farmer sold more cows than in the last 3 years. He doesn't intend to replace, can he defer the income from the excess cows to 2024?

client sold farm. she had been active in 2022, but sold in 2023. Can she avoid the NIIT? and in ATX software how do I do it?

CREDIT CARD CANCELLATION. CAN'T FIND WHERE TO ENTER?

how do i find

Mine cancelled for no reason,. I've looked at bikirk. Anyone else using? About the same price but I think more coverage. Opinions??