kcjenkins

Nope, I can not agree with #29. Southern cooks are some of the world's best, and we use lots of spices, including a few that the rest of the country knows nothing about, like File [pronounced FEE lay ]

Well, hey, they were trying, right? I mean, after all, how much difference is there between a 1099-Misc and a 1099-R? They are both on paper, and they both start with 1099, right? :spaz:

Tom, the portion that you elect to write off this year, up to $5000, is taken directly on the return, as long as you do the election. If a Sch C, or F, put it on the 'Other Expenses' section. There is not a specific line for it.

1. You think people who complain about the heat in their states are sissies. 2. A tornado warning siren is your signal to go out in the yard and look for a funnel. 3. You know that the true value of a parking space is not determined by the distance to the door, but by the availability of shade. 4. Stores don't have bags or shopping carts, they have sacks and buggies. 5. You've seen people wear bib overalls at weddings and funerals. 6. You think everyone from a Yankee-state has an accent. 7. You measure distance in minutes. 8. You listen to the weather forecast before picking out an outfit. 9. You know cow pies are not made of beef. 10. Someone you know has used a football schedule to plan their wedding date. 11. You know someone who has a belt buckle bigger than your fist. 13. Almost everyone you know is either Baptist or Methodist. 14. A Mercedes Benz isn't a status symbol. A Chevy Silverado Extended Bed Crew Cab is. 15. You know everything goes better with Ranch dressing.

The program is supposed to select the address automatically, depending on whether it is a bal due or a refund, etc. If your's is not, there is something wrong with it. Could you have modified your letter in such a way that you accidentally deleted that merge field that picks the address? Try deleting the master letter, then downloading it again.

Gee, I hope they ask me to allow use of some of my old comments!

Yes, and then you may not have to recognize any income anyway, thanks to §121 and also the new foreclosure of primary residence rules. Just have to be sure it is reported correctly at the time.

Maribeth is right, IF you go with the involuntary conversion. However, Tom is right, if you treat the insurance as a sale of the old, which it was, and then you treat the purchase as a separate transaction, which it was. And a better tax outcome, as well. I'd do it Tom's way, in a NY minute.

You can use 'Move Asset' to shift it over to the C instead of the 2106. Then, as to the issue of standard mileage or actual expense, continue whichever you were using before. If you were using std on the 2106, there is a check box on the bottom of the vehicle input tab, to check, so that it will calculate properly. If actual was used in first year, std rate should not be 'available'.

Whoa, folks. This was a 1099A, not a 1099C. Nothing to be reported yet, because until the property is sold, he can not know what the bottom line is. He will probably get the 1099C for 2008, when the property is sold.

Gee, every business has problems now and then, but I sure do miss the days when they would at least post a message on the home page informing us of the problem, and when it was expected to be fixed, then again when it was fixed. These new idiots running the show now don't seem to even be aware that they have that "Latest News" feature on the Support home page. The most recent posts are dated 1/16, 2/21 [4 entries that day] and then 2/22 the last one. These clowns are really marketing geniuses, aren't they? My PomPoms are getting very dusty.

If it is not dark, it means you have not used the three properties on the first E. Just click on the arrow to move to the next property. When you get to 4, then 7, etc, that 'add property' button will darken.

Then if he was not trying to rent them in 07, was he trying to sell them? I would not take depreciation on them in 07 if they were not held out for rent. But I never understand why someone would not at least attempt to rent them, and/or attempt to sell them, since he'd be better off to sell, even at a loss, than to have them show as repo-ed. Not being able to find a tenant is not the same thing as not trying to rent it. As long as he had a sign up, etc, he was trying to rent it.

Why? It is a perfectly good word, dating back to the 1500s, that means a: differing in some odd way from what is usual or normal b (1): eccentric, unconventional (2): mildly insane : touched Only someone with a desire to find offense would see it as such, IMHO. Can you deny that those definitions fit JB? :lol:

Depreciation is one of the trickiest things on conversions, so it's best to always check them carefully, and if one is acting strangly, and you can not see the problem, like a wrong 'life' or 'method', then, just delete and then reenter the asset. That normally fixes it.

Q....Quite Queer is how your mind works, JB. :rolleyes:

Was he attempting to rent them?

There is, on the input sheet where you set up each member, a section lower down where you can set the allocations if they are something other than ratable to all members. For example, you might have a situation where all income and losses are allocated to the active members, and none to the limited members. This is often done in Family LLCs, where the minor children are treated as limited members, having only an ownership interest, but not sharing in the income and losses, for example.

You can do insurance, certified delivery confirmations, etc, with Stamps.com, you just have to print those to your regular printer. You can also print postage directly on envelopes using the printer, which is neat when you are mailing in a return, and want to provide a nice package that includes an addressed and postage-applied envelope, so that they can sign the return, put it in the envelope, and drop in any mail box on their way home.

That is because 'severance pay' is simply 'pay', and should be included in the W2. Which it very well may have been. I'd call the company, and ask, because it certainly should be in the W2, and in my experience it normally is there, the client just did not realize it.

The post starts out by saying they are RDPs, Trio. That means Registered Domestic Partners, California's attempt at dealing with the issue of gay couples. CA treats them as married, the feds do not. Makes it messy for the preparers. I'd say that makes the mortgage issue simple, since clearly the one not on the mortgage is still an 'equitable owner'. I'll leave the dependency issue to the CA users to advise on. It smells to me, but hey, the whole thing is peculiar.

Yes, no change in the life or method, same ACC Dep, etc.

Sorry, my post was not well worded. I did not mean ignore it totally, I assumed you would ask the client about it, I just meant that it would not hold up the efiling. I agree that the most obvious possibility is an FSA, and if that is the case, it may affect the A and/or the 2441, so of course you do need to ask.

By the way, I've noticed [and fixed when I notice it] the fact that some of you are including cites that end up looking like this: §1429((2) or Sec 528©(2) Note the emoticon in the cite? And the copyright sign instead of capital C? OK, two ways to avoid those: 1) turn off emoticons on that post 2) leave an extra space between the B or C and the closing ) Because the 'code' for those emoticons is the same as typing Open parenthesis Capital B [or C ] close parenthesis. If you type them with the extra space, they look like this: §1429(B )(2) or Sec 528(C )(2).

Thankfully, box 14 is 'information only' so it should not be a problem to ignore it.