Marie

holdups seem to be add'l child for stimulus, pyeic, filing as an independent child, being claimed as dependent in 2019, now claiming stimulus still, some of these people dependent on this refund, I work a low income community

more than ever for me. I'm fielding lots of calls. If I can get ahold of IRS, does it help straighten anything out? Can they give a date?

need to check on an efile status, can't find where to go? The new website comes up and I can't seem to navigate. How is the easiest way to get there. I always click on support in the program and went right where I wanted to go

can I do a partial like kind exchange?

USED QUALIFIED INTER. I have done a couple. but they put all proceeds in escrow, not just part. and purchased more than they sold. Are you thinking there is no way to defer his gain?

When selling the original property, it sold for $612000, $300,000 was automatically put into escrow at that time for a like kind exchange. He had no access to the $300000 until he purchased the replacement property and it was wired to the owners of the property he purchased.

SO, CAN YOU HELP ME DO SOME FIGURING OUT. Not me, but I think he was told this would work. he put into escrow the profit he made. then went and purchased another property.

INSTRUCTIONS SAY TO PUT IN SALE PRICE ON LINE 15, AND LINE 15 WON'T TAKE A NUMBER. SEEMS LIKE IT COMES FROM SOMEWHERE ELSE, BUT I CAN'T FIND

OK, SOLD PROPERTY FOR $612,OOO COST WAS $277500 = PROFIT OF $334500 HE DEFERRED $300000. SO? HE NEEDS TO PAY CAPITAL GAINS ON $34500. hE BOUGHT REPLACEMENT PROPERTY FOR $510000. SO BASIS OF NEW PROPERTY IS $210,000 I CAN'T GET THE NUMBERS IN THE RIGHT PLACES. PLEASE HELP ME!!

I HAVE READ AND READ AND CAN'T GET IT TO GO MAYBE I'M MISSING A WORKSHEET? HE NEEDS TO PAY ON $34500. tHIS AMOUNT WAS NOT IN THE HELD FUNDS FOR THE 1031 WHERE DO I REPORT THAT?

not sure how to mark the Sch D so it shows as a like kind exchange? is that where I start?

ok, thanks

Can not get this form to work for me. Spent an hour last nigh. Very frustrated. sold property for $612000, put $300000 in escrow for exchange ( had $45000 as profit to pay on ). purchased new property for $510,000 basis should be $210000. worked with the Sch D and the 8824 and nothing came out right. Any one have some help for me? please?

Client took more than $100,000. Using a third for each year and 8615E, but 10% penalty is not showing up this year. When does client pay that?

please, give me some guidance

SEP AGREEMENT SAYS WORK FOR ONE YEAR, AT LEAST 21 YEARS OF AGE. YOUNG MAN HAS WORKED OVER 1 YEAR, AND TURNED 21 IN NOVEMBER 0F 2020. DOES THAT MAKE HIM ELIGIBLE THE WHOLE YEAR, OR ONLY THE MONTHS HE WORKED AFTER HE TURNED 21? NOW HE HAS QUIT IN fEBRUARY. WILL HE BE ELIGIBLE IN 2021, I THINK SO, JUST NOT SURE ABOUT 2020

I have several clients who have not received their refunds. Many have EIC, is that the problem?

sounds good , thank you

so far behind, too. Glad to know I'm not the only one. Me too, have a client who owes, I've redone twice, and still the same. He says it isn't fair. I said, not enough withholding. Told him the same last year. Ready to send him on his way.

Taxpayer put solar panels on his house in 2020, qualified for the residential 26% credit. Couldn't use a lot of credits this year, I think it was misrepresented, but that subject has been discussed. Now he wants to sell his home. What happens to the left over credits? He gets to keep using? Can he sell to the new buyers?

OK, GOOD, THANKS

Sister is filing 2020 tax return and using 1310 because estate was considered a small estate (not enough money). There is no checking account for the estate as there is none needed. Except maybe to be able to cash the check. Does the check come in the living sister's name? or in the Estate of Dead Sister?

HAVE ANY IDEA WHAT THAT AMOUNTS TO?

is it too late to file a 943 for farm wages for 2020? amount due is below $2500

thanks for all the comments. Always good to get other views.