grandmabee

the trust was a family trust and disregarded for tax purposes. the stock dividents and 1099-b were and is listed in the family trust name so does this mean stock was held as community property? If not how do I tell if held as community property? thanks

thank you. I wasn't sure if trust would change things and I am correct in assuming she get 100% step up(hope)down on stock because of community property state

a couple have a trust and one dies the stock in the trust does it get a step up basis? they live in a community property state. the original trust list both names not the trust just list the wife's name.

they have done that for several years. It has something to do with how they calculate all the losses and credits etc.

is there a way to print just certain detail depreciation reports. I have several different rentals and Sch C and just need to reprint one with the detail of next year depreciation. don't want to have to print all 30 pages again to get just 2 pages that I missed

Penalty and interest it is not rounded off.

no separate trips.... buys along with own groceries she has mileage of 8024. lives about 5 miles out of town this is a large daycare operation. income from daycare is 52,000 then I thought well maybe she would get the same % as she does on the 8829 but think I'm reaching on that one.

You are funny.... but I always seem to read your post twice to see if you are being smart or serious

yes it so you don't efile the state only efile by mistake before the federal is accepted. because if you do and the federal is rejected for something that will effect the state return then you will have to amend the state because you already sent it.

daycare provider recieves food program reimbursed and takes the standard meal allowance of 1.17 for ea breakfast,2.18 for ea lunch and dinner etc. my question is can she deduct miles for going to grocery stores where she also buys the supplies and other household items? She does keep a mileage log. thanks for any help

How are you counting? Days, nights or hours ? If using day or night can't be 50/50 with 365 days. Did you he get audited? if you are using the devorce decree I would calulate actual time, not just use 50/50 per divorce.

YES, I do tell my clients this is a estimate of time but who hears that. the ones with the 5695 energy credit are taking longer.

But if he sold his stock ( this is just IF ) then he could do 6252 right?

It can be efiled

premium for mortgage insurance. it is deductable on A with limitation.

why? she claimed hope two years and lifetime 2 years and as of January 2009 she was still a 4th year student.

Isn't personal representative and executor the same thing just different terminolgy?

anyone do OK efile I am trying to efile a nonresident. I have the e-file infor page the ok511 form but when I hit file only my other state and the federal comes up to check. What am I missing? Thanks I will be checking into instructions but if anyone has a quick answer that would be great

isn't the hope credit now only for the midwestern disaster area?

That's my FAVORITE too ! ever since I heard it at the grammys. I am alway trying to remenber the name so I can get my daughter to make me a cd with in on.

But if he had died in january that would not be possible

To be on the safe side I would paper file an extension today so you are covered either way

I was worried about the 7004 being this first year i decided to efile then and when no acks I mailed yesterday the in the afternoon they all came back accepted. so I guess IRS will have two I did read where IRS only process extension on certain days. I think Monday and Friday not postive. so maybe you will get your acks on monday but if its from 02/26 then I don't know

first year to efile 7004 usually just mail. Does it take longer to get acks on 7004? I sent yesterday morning but nothing yet. Should I just mail to be on the safe side. Do 7004 ever get rejected? thanks

That's how you handle partnership for partners unreimbused expenses. Can't do that on a s-corp. They did it wrong. Any employee expense would be 2106 or set up an accontable plan and have s corp reimbuse. Home office for a s- corp partner is hard to get.