Dan

Thanks Danrvan I checked with the appraisers office and they told me they only go back 5 years concerning records kept concerning when the property was transferred. The appraisers office did break down how taxes are figured for the Ag land; the land the house sits on; the value of the Ag buildings and the value of the house. Ag land comprised 149.5 acres-taxes were figured on this Home comprised 1/2 acre-taxes were figured on this They figured taxes on the Ag buildings They figured taxes on the house

Thanks Lion and KC There were around 160 acres on this quarter of ground in question. The amount of acres that has not sold is around 120 acres which is in CRP. What sold in the quarter mentioned above was 40 acres which included the house, machinery shed, wheat bin, small barn and native grass land. Each of these items were sold as one unit. The items above were not sold to a related party. The son said his dad paid around $2500 for the wheat bin. He thought his parents had paid around $7500 for the whole property since the quarter of land was given to his mom.

Thanks KC I guess I forget to tell you that the farmer's wife is still living. The father planted wheat in 2013 for 2014 year. The wheat did not make so he instead collected crop insurance on it. His other land is in CRP and he has been collecting payments on it for a number of years. So in answer to your question, the father was still farming 160 acres until his death. The wife is still living. She has sold the farm property mentioned earlier and is living in town.

Lion, thanks for responding. Yes, the machinery shed, grain bin, and small barn were part of the farming operation. The husband has past away now but for a number of years before his death, he raised donkeys and they grazed on the buffalo grass (native grass). The donkeys were his therapy and I don't know if he ever sold them but rather gave them away. Before he put most of his ground in CRP (a government program) he would plant wheat and store some of the wheat in the grain bin and he would use his machinery shed to store his tractors and trucks and use it as his shop to work on farm equipment. I believe he had milk cows and a few cows. He had also around 5 to 7 horses that grazed on the native grass. The horses were also family pets. According to the son, his grain bin cost was around $2500. The son said the house, land, machinery shed was purchased for around $7,500 or that is what he paid his father in law because most of the quarter of land was given to him.

Question: If you sale a farm home, a machinery shed, a grain bin, a small barn and 40 acres of adjacent land, can you exclude all if under $500,000 gain for a married couple who have lived in the home many years? The 40 acres of land is native grass. Thanks for your early reply.

Yes, I also received an email about downloading the new 2014 ATX software but when you go to the download center the program is not there. I also received the codes.

What forms do you need to file when your only parent dies in 2014? An extension has been filed for 2013 tax return. There is no tax due or refund to receive. Do you need to file form 56?

After getting help from ATX, my problem was that the CCH_Small_Firm_Services file had been corrupted so I was asked to delete that file. After deleting that file I can now open the ATX program up. How you get to this file are the steps below: 1. click on computer 2. click on OS C: 3. click on windows 4. click on system 32 5. click on config 6. click on system profile 7. click on app data 8. click on local 9. there you will see (CCH Small Firm Services) This is the file that had become corrupted and which I deleted You will have to double-click on some steps above! Now I can open up my ATX program.

I am trying to open my ATX program and I get the error message, "can't connect to server." Why is this happening? I did not have this problem earlier.

I really like the 2013 ATX program this year also. Of course I had to purchase a new computer that has windows 7 pro. Before that I had windows XP and it just wasn't going to work on that machine. My new machine seams to be a lot faster also.

Is there a place you can go to that shows after you efile a return and it is accepted that customers can know when they will receive their refund? I have gone to the IRS web site and worked with the link; Where's my refund? When I click that link up pops a box about dangers of visiting the sight. Is it good to visit that link? In other years we had some source to find out this information. The ATX program also has a source where you can see if a return has been accepted. I like that improvement in the software. Let me know if there is such a source. Thanks!

Thanks KC Good to hear from you. I know how to mark the box no but am still wondering why you need to mark any box if you don't have nonresident shareholders. Am I missing something?

Does anyone that does Oklahoma 512-S; part 5; line 12 know how to answer that line 12 when there are no nonresident shareholders? The ATX program automatically marks the yes box. Why? The only shareholder is the owner himself and he lives in Oklahoma.

My problem is why does the program put an x in the yes box in part 5 line 12 if you are a resident of Oklahoma? There are no nonresident shareholders. The person that owns the s-corp has 100% ownership and lives in Oklahoma. What do I need to do so that no box is checked in line 12 on part 5 of form 512S page 4? Does Oklahoma require you to attach form 512-SA to your form 512-S if you have no nonresident shareholders?

I had that same problem with my dell laptop running windows 7 pro that I purchased a few years ago. I purchased a new dell computer, an Optiplex 9020 Mini Tower computer and the ATX program works great on it. I am not sure how I installed the ATX program on my laptop, whether by disk or through the web download. On the new computer I installed it with the disk. I also agree with Deb.

I know in 2011 you could go to "My ATX Support Center" and print all the forms with their Version number; when they were last updated and their status (approved or not approved). Where do we find that information in 2013? Thanks!

I read another post and it had information about marking state returns under preference, update. Maybe that was my problem. I marked the states I needed. I don't remember doing this last year. Maybe this is a new change.

Are others having this same issue? When I open up a return a box says "forms not yet rolled over." There is also a check mark in the box that says "rollover when available". When I go to the forms menu and look at the available forms, it has forms that are available that have not rolled over. The form is highlighted in yellow. Why haven't they rolled over? I did click on the available now forms and rolled them over but should you do that? Is there a way to check the correct version of the forms with some other documentation? Thanks

Still looking for a reply.

Question: Is there a place where you can find all the tax forms, federal and state, that have been approved for filing? In past years I could find this information. Thanks for your reply.

The fixed assets sheet rolled over from last year for me. I haven't checked but do you have to have for example a Schedule F or C open first?

Click on tools Click on preferences Uncheck the box that says "show form tabs on left" Click apply Click ok

Thanks Lion I

Thanks Gail

Thanks John and Gail for your response. John I looked at table 1 in the source you sent me. Example 1 in that table only used 179 deduction. The cost of the equipment was $350,000. That amount is less than 500,000. It would seem from that example you could only use the 179 deduction. It only used both the 179 and bonus depreciation when the cost was over 500,000 as shown in example 2. Gail, do the ordering rules apply. In the TAXBOOK it talks about claiming the deductions in the following order. 1. Section 179 deduction, then 2. Special depreciation allowance, then 3. Regular depreciation allowance. It does say in regard to the ordering rules--For assets that are eligible for both section 179 deduction and the special depreciation allowance, a taxpayer is required to recover the cost in the prescribed order. The section 179 deduction must be taken first. What if assets are not eligible for both? Gail, can you give me documentation of not having to use 179 deduction even though you have to use the special depreciation allowance? Thanks again for your responses.