ILLMAS

Need help with this situation, my client bought a empty lot back in 1999, the previous tax preparer advice him not to deduct any expenses until he builds something on the lot. Well 8 years later he gave up and sold the lot, apparently he was having issues with the town and it was impossible for him to get a permit to build a house to sell or rent. His biggiest expenses are property taxes, architech fees and attorney fees, my question is if it would be okay to capitalize the property taxes, architech fees and attorney fees even though the expenses are for various years? No depreciation was calculated for the 8 years he owned it. Thanks,

Hello to all, I have a question, I have client that bought a property that qualifies for the GO Zone deduction, the property is being rented, it was bought in 2007. She previously had sold a house in IL so she has a capital gain on the sale, ATX is calculating 50% of depreciation for the property under the GO Zone. Since my client is not a real estate prof., shouldn't it be limited to 25K and not take 50% depreciation of 161K?

Hello, for some reason, ATX is not generating the ES voucher for a corporate return, I was able to get the state's, however I see the worksheet 1120W but no vouchers? Did I forget to click on something to automatically generate them? Thanks,

I am printing out extension for corporations, I see a 7004 mulitple, how exactly do I proceed? I am new at ATX for 2007. Thanks,

Hello, to all, is there a way of printing various client extension without opening one by one? I know proseries does that. Thanks,

Thanks, that is exactly, where I put the amount.

Hello, my client recieved a 1099-C for some credit card debt cancellation, will line 21 be the appropriate line? I cannot seem to find a straight answer as to where to put the amount and the date of cancelation. Thanks,

Thanks, I will do that.

Hello I accidently transmitted the wrong for my client, I was supposed to process my clients son, who has the same name as the dad. I picked up the son federal and the father state return. They were both accepted but the father return was not finilized. Is there a way to cancel the state once filed electronically? I thought I would ask, if not I will write a letter and provide all the support to correct it. thanks

No, not yet. I transfered my info from proseries, maybe there was a problem with the converstion. I will delete all the assets and re-enter them.

Hello, for some reason depreciation is not being calculated for 2007, there are a couple of assets that have not fully depr. on a Sch E, I am new at ATX, is there something I forgot to click on? It's not being picked up as an error. Thanks,

How can I include the privacy notice automatically, instead of adding it each time? Thanks,

Thanks, this ATX program has been not that great for me, I used Proseries for over 14 years and this year I started using ATX and it's been difficult naviagating through it. It's like a foreign language to me, do you happened to know if there is a tutorial?

Hello, I barely recieved my EFIN number yesterday and will be filing my first e-file tomorrow, my returns show errors that I cannot clear up, can I still file them like that. These errors are not critical, I guess they are more like suggestions or notes.

Hello, I am new here to this forum, I have questions about networking ATX. When I first installed ATX I selected single user and converted my files from Proseries 2006, now I want to add another computer, do I need to restall ATX on the main PC as network instead of stand alone and install also networked on the second PC? Sorry for the question, I need to do this by tomorrow. Thanks