Marie

I've not efiled two states with a federal before. I always would just piggyback one and mail the other one. So I want to know if what I'm doing is correct. When I want to efile two states, I pick one as piggyback and one as state only. I fill in all efile info sheets. Do all the federal forms follow the "state only" also. Paper filing in two states mean so many extra copies of everything, and sometimes everything doesn't get posted. Last year in MO was notorious for this. Basically my question, doing two states as easy as doing one? And is there anything extra I have to do? Thanks

On the MO-A, pension exemption, my software is not filling in the numbers. The last return I did, didn't need the pension exemption, but last year it was filled in anyway. Is that the reason? or do I have to manually put in adjusted grosse income, retirement and social security figures every time? Has anyone done enough returns to tell me what's working and what's not. Thanks

Sorry, 0% rate not starting until 2008, but generally the question still the same. How to estimate LT gains in 07 and 08.

I want to estimate for clients a ball park figure when they are selling LT capital gains. I run the numbers on a duplicate return ( not changing the deprec), but what can I do about the tax liability. Do I take the tax and subtract the 5% amount from the total tax liability? Isn't that the 0% this year (2007)? I'm trying to figure out approx how much more tax he will pay taking it all in one year as opposed to two years (installment sale). For 2008, isn't the 5% rate 0% also. It looks as though he will save the amount in the 5% bracket twice running it as an installment sale. Does anyone have a good way of doing this? Any help appreciated. Thanks