Notes on Notes

[Don in Upstate NY]

In the asset manager, there is a button to elect out of the special 50% or 100% depreciation allowance for this tax year. If you do elect out, the program calculates depreciation without the special allowance, and also correctly prepares an 'election' notice that is filed with the return. If you then change your mind and unclick the button, the depreciation calculation takes the special allowance but the 'election' notice is not erased. You must erase the 'election' notice using the NOTES function.

The NOTES function, reached from the utilities menu or from <ctrl>N, allows you to prepare and manages four classes of notes ...

1 Notes for your own use that are not transmitted to the IRS

2 Non-specific notes that ARE transmitted to the IRS

3 Notes on ELECTIONS that are transmitted to the IRS

4 Notes on REGULATORY issues that are transmitted to the IRS.

Unfortunately, use of the NOTES function will generally cause a fatal error and shut down your program. The work-around (based on previous year knowledge) is to explicitly list TRX as a program not subject to Microsoft Data Execution Prevention protection. In Windows XP, you do this by accessing Control Panel | System | Advanced | Performance | DEP. The file to look for is C:\TaxPrep\TY10\Bin\TW10MAIN.exe.

[RGFan]

I have checked around and it does seem like there was a bug in the notes functionality that was causing this. It should be resolved now, but the workaround you have included is a good option if it arises again.

Thanks, Don.

Ryan