Bart

I would think that "flipped" property was not like kind to rental property

With Ford, General Mills and Land there is reporting when sold. There is no reporting with any BitCoin transactions.

The W-2 appears correct.

Glad you solved your problem Rita. Once upon a time I did a print screen and pasted it into Word and it worked.

You can deduct 3000 loses on capital losses. That has nothing to do with passive.

The extension is for six months

UI does apply to each spouse but the exempt amount is 10,200 each for a total of 20,400.

If the 2021 unemployment bill exempts the first 10,200 of 2021 benefits then it will not help 2020 unemployment anyway

I will take that bet Pacun

What version of Acrobat? Is it Acrobat Pro?

Perhaps we are not making ourselves clear. The real estate taxes on his personal residence are NOT an add back in Missouri.

Is the $2700 of real estate tax non residential?

What line on the MO NRI is the real estate tax being added back?

Debit: AAA $1,000 Debit: Shareholder Draw (I would debit S/H A/R) $55,000 Credit: Cash $56,000

I meant to have the client log on to set up their account to find out how much stimulus they got not for us to do it for them.

CPA is the confusing subject line

https://sa.www4.irs.gov/eauth/pub/login.jsp?Data=VGFyZ2V0TG9BPUY%3D&TYPE=33554433&REALMOID=06-00029c6a-0543-17b0-89b8-163b0acf40c7&GUID=&SMAUTHREASON=0&METHOD=GET&SMAGENTNAME=UOkC7yx4eMTO24FGxPfBRb5q3Mj3Xh3pyXfBEjYyHJ97nGCXu16wx5MzFHjfZmlG&TARGET=-SM-HTTPS%3a%2f%2fsa.www4.irs.gov%2fola%2f%3fGMP%3d1 Set up a user name an password. Answer a few stupid questions and it will tell you how much they got and when. irs.gov has a link to it also i think.

Right click on the downloaded file and go to open with

MO conforms to federal. PPP not taxable. Expenses deductible.

Maybe a class on 1120S tax preparation

"BRIAN NAYLOR, BYLINE: The problem arose in the early hours of Tuesday morning, the busiest day of the tax year for the IRS." The problem was the IRS computers crashed and were unable to accept returns for 11 hours. This was Tuesday April 16, 2018.

On HRB FAQ they say if child qualifies as parent's dependent but parents decide not to claim the child then child can claim themself to get more stimulus payment. Not so sure I accept that or any HRB advice.

Does anyone know when business efiling will open up again in January 2021

There is a poster on another tax talk board who thinks that date should be 10/31/2021 since the PPP end period date could be as late as 12/31/2020 and you have ten months after that to submit you forgiveness application. He has emailed the SA for clarification.

That is a 24 week extension.