Catherine Posted October 14, 2012 Report Posted October 14, 2012 I have a client with a passive loss carryforward (no passive income to offset). Federal amount is $11; state amount is $22. WHERE do I get ATX to accept an adjustment to the state amount? The jump-to bunny goes to the federal, which I can't change because that figure is correct. All the state pages/worksheets/entry spots are "greyed" out or tell me I'm nor allowed to over-ride. I am stumped and would welcome help. This is so aggravating for a tiny dollar amount difference! TIA, Catherine Quote
BulldogTom Posted October 15, 2012 Report Posted October 15, 2012 What is the source of the difference? Depreciation? Bonus depreciation? If so, I think you need to go to the state depreciation form and make the adjustment there. Not certain, but off the top of my head, that is all I can think of. Tom Hollister? Quote
Catherine Posted October 16, 2012 Author Report Posted October 16, 2012 I have NO idea what the source of the difference is. This is a prior-year carryforward -- but the prior year return was done by another accountant. It just shows up on the 2010 return as a passive loss, suspended due to lack of passive income to offset it, with $11 as the federal amount and $22 as the state amount. No other information. Sigh. Quote
michaelmars Posted October 17, 2012 Report Posted October 17, 2012 could have been an input error on the prior accountants part since the amount is exactly double. 1 Quote
kcjenkins Posted October 17, 2012 Report Posted October 17, 2012 Assume it's a mistake and ignore it, given that the amount is so small, would be my advice. I'm guessing it is a depreciation difference, but really, how much difference could it ever make on a future return? 1 Quote
michaelmars Posted October 17, 2012 Report Posted October 17, 2012 how much difference could it ever make on a future return? ummmm $11.00? just kidding, i would definately ignore. 1 Quote
Catherine Posted October 17, 2012 Author Report Posted October 17, 2012 I will ignore; thank you all! (Still bugs me there is no place TO adjust, though.) Quote
joanmcq Posted October 19, 2012 Report Posted October 19, 2012 What state? CA has it's own passive loss adjustment form, and the adjustment is done there. Sorry I didn't see this on the 14th, but I was up to my eyeballs in my own last minute headaches. Quote
Catherine Posted October 19, 2012 Author Report Posted October 19, 2012 Massachusetts. We have all kinds of oddball adjustments and quirks, so it was surprising to find no way to enter an adjustment in the Mass forms. Whatever. They're done and that $11 discrepancy won't make a hill of beans worth of difference anywhere. I just wanted to know both to do this one dollar-perfect and in case I run into a future case where the dollar amount _is_ significant. Hope you are catching up on your sleep! Quote
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