BulldogTom

On the top of the report there is a dropdown box. Click the arrow and pick Passive. Everything will be there. Tom Longview, TX

Don't hold back Pencil....tell us how you really feel. I would never buy an HP for the reasons you state. Tom Longview, TX

I like my Canon ImageClass D1620, but it may not be available anymore. Copy feeder, scan, 500 page paper drawer. I don't do color printing, so I like a b/w only printer. It was about $300 when I got it 3-4 years ago. I get aftermarket toner cartridges on Amazon fairly cheap. Tom Longview, TX

Not sure about GA, but for CA you have a separate entry worksheet you need to add to the return. It populates the federal and you enter the state amounts. Look in the forms and see if there is a GA state K-1 entry form. Tom Longview, TX

I don't have time to research, but my knee jerk is they are related parties to the owner so personal use by the owner. But don't quote me on that. Tom Longview, TX

You need more info. Did the K-1 bene die in the taxable year you are working on or after? If after, need the will to see what happens to their share, if the current year, it belonged to them and you need to issue the K-1 to the person via the trustee/executor of the decedent. What @Sara EA said. Are they truly benes or just charitable recipients. Benes get a K-1, recipients are a deduction. Tom Longview, TX

I don't care about the IRS paying me via DD, they do it already. What I don't want is those stupid ba$ta3ds to require me to get an ID.me account to pay them. I don't understand how a nation as advanced as ours has a government that knows when a russian spy sneezes and can't id me without the help of a private company. Tom Longview, TX

I might be wrong, but here is my thinking: You have a capital transaction, the sale of an asset (home) for another asset (cash). Simple balance sheet adjustment from Investment Asset to Current Asset, assuming no gain or loss on the sale. The Cash in the account still belongs to the estate. The funds may be restricted for use to pay tax, but they are still the property of the estate until the tax is paid. If you know the exact amount of the tax due, you have a liability for taxes and a non-deductible expense (for accrual accounting). I would not overthink this one. Sale of an asset for cash. Hope that makes sense. Tom Longview, TX

Bingo, when the first year of the 7203 basis worksheet came out, I had a devil of a time finding that box. I would look at your debt basis entries and see if any "mysteriously" changed to $0. Tom Longview, TX

I figured it out. I was just too tired to think. Yes, the beneficiaries are the payees and they are entered on page 2. The FTB should be able to match the EIN of the original withholding agent to our 592 submission, because they put the trust on their page 2 of their 592. Everything should work out as soon as the trustee signs and sends in the 592. I know why the FTB does that, they want the non-resident beneficiaries to have to file a return to get their portion of the refund. At first I was ticked because I know that is a capital, ie corpus, transaction and it goes to the trust. But I forgot about the rule for distribution of the assets generating the withholding. My bad. Seems like I need more and more brain space for all the different rules and different taxing authorities. My brain is like a hard drive from the 90's, it is too small for the world we live in today. Thanks for replying Max, appreciate you. Tom Longview, TX

I am overthinking this, at least I think I am overthinking this? What do you think? Seriously, I have a trust that had a broker withhold because the trustee never gave them the EIN of the Trust. Broker withheld and sent the trust a 592B. Stupid me, I put the withholding on the final return. Now the FTB is denying the refund and says the trust needs to prepare a 592 and give 592Bs to the beneficiaries. OK, I can do that, or maybe. What has me flustered is page 2, schedule of payees. If I was a company, and I withheld from a vendor or other business, I would put them on schedule of payees. But the trust did not withhold from the beneficiaries. How do I tell the FTB that the money was withheld by the brokerage. How do I tell the FTB that the Beneficiaries are entitled to the amounts withheld? Can someone walk me through the process because the FTB instructions want to make me puke. I am very tired. Tom Longview, TX

I thought it was a call to support and they do some magic where they synchronize all your efile statuses with the ones they have on their server. I think we used it extensively in 2012 & 2013, not so much any more. Tom Longview, TX

I have been watching this thread and it is a beautiful thing to see y'all helping out with this. I like all of you. Tom Longview, TX

I have not yet. I was waiting for the corrected W2. Tom Longview, TX

More info - employer is not going to correct the W2. They say it is not their error. My thought is to put the difference into other Income and at least when the IRS asks about it, I can document that the withdrawal happened and the income got back on the return. Will this fly? Tom Longview, TX

I am sick and tired of the IRS complaining that they can't regulate preparers and that is why they can't catch the boogieman who is filing fraudulent returns. It is the system they designed that allows the fraud, and if they would make TurdoTax a single user, pay for each download, register the purchase of the software product, they would not have boogieman preparers out there because the cost of the scam would outweigh the benefit of preparing fraudulent returns. And they already regulate CPAs and EAs and they can't seem to catch any of them doing dirty deeds...allowing inflated business expenses, letting rich shareholders run all their personal through the corp, allowing no mileage logs, no business meal receipts, coding entertainment to "marketing" for those pricy box seats at (name your favorite stadium or arena). The IRS has to know this crap is going on, but they don't do anything to make the system harder to game. We are the dog whistle they blow when they want Congress to over look the crappy job they have done with tax enforcement for the last 2 decades. Done with my rant....stepping off the box...walking back from the ledge. Tom Longview, TX

This ^^^^^^^^ Don't mess with the matching process. Tom Longview, TX

Where are you entering from? On the 1099DIV input, if you will pick the country there, you can put in Regulated Investment Company. I don't think you can override the field on the 1116 because it is pulling from the DIV entry field. That is my story and I am sticking to it.....someone should write a song like that....oh yeah, they did. Tom Longview, TX

@GLJEANNEType in Regulated Investment Company. Tom Longview, TX

No issues here. Literally just finished a return with the 8949 in it and nothing was out of order. Tom Longview, TX

NQDC normally shows up in Box 11 on a W2 from the employer. Is your client a former employee of the Payer? I would check with the payer for the payments that back up their reporting. Just a hunch, but I would say the preparer of the 1099MISC made a keypunch error..... Tom Longview, TX

I am not entering this yet, just asking in advance so I don't screw this up. Still waiting for corrected W2. TP had an excess 401K contribution due to having changed jobs mid-year. I had him contact the trustee and he got the paperwork back indicating the excess was removed including earnings on the excess. I know he will get a 1099R next year. 2024 - My understanding is the Employer is REQUIRED to adjust the W2 and issue a corrected form to account for the excess withdrawn, even though they are the second employer of the year. When the corrected W2 comes in, income for 2024 will be accurate and there is no additional action or forms for 2024? Correct? 2025 - he will get a 1099R coded for excess withdrawn before due date of return, the $22 of earnings will be the only part taxable but will not be subject to the 10% early withdrawal penalty? Form 5329 will sort this all out? Am I missing anything. I don't think I have had one of these in a decade or so. Tom Longview, TX

You know I re-wrote that post three times to get it to "Judy Acceptable" standards. Tom Longview, TX

We named our dog SALY. Everyone thinks we mis-spell her name. My son, who was with us when we got Saly, actually named her. I was thinking .... Debit...Credit....Deduction....1040....Dependent My son blurts out "You should name her SALY". Kid listens very well to his parents. Tom Longview, TX

Same as last year. Efile Rejects Tom Longview, TX