On Tue, 27 Jan 2015 13:49:43 -0500, wrote:

On Tue, 27 Jan 2015 11:33:57 -0500, Keyser Söze
wrote:

On 1/27/15 11:31 AM, Mr. Luddite wrote:
On 1/27/2015 11:00 AM, Poquito Loco wrote:
Now *this* ****es me off!

http://www.wsj.com/articles/intuit-k...est-1422149606


I called the number in the article and was told I wouldn't have to
upgrade to file Schedule D (after
a lot of whining and complaining). Next year may be a different story.

If anyone wants to call and bitch, the number is in the article. Might
do some good.



Doesn't Wal-Mart have some cheap software you could use?



He's complaining that the free or cheap version doesn't do what he wants?

heheheheh.

If the software doesn't do the schedule D, it is basically filling out
the short form for you.
I am sure it is not going to help you with a Sch K and that support
was bad 10 years ago when I stopped using TT

TT does a good job with Sch K now. Pretty simple. I remember helping an officer do his taxes while
in Germany. The Sch K took several hours for me to do (much of which was trying to figure out what
to do). The final result was a savings of about $11 in his taxes. Unreal.

The rest is just gathering up documents, entering numbers and some 3d
grade math.

The ironic thing is when they gave the IRS work sheets to elementary
school kids, they did better than most adults ... because they simply
followed instructions and did not try to skip anything.
I tried it with our 3d grade grand daughter and she thought the
schedule D and SS worksheets were fun. (she got the same answer as me)
I was thinking she could make some extra ice cream money this spring.
--

Guns don't cause problems. The behavior
of certain gun owners causes problems.

On Tue, 27 Jan 2015 14:34:09 -0500, wrote:

On Tue, 27 Jan 2015 14:11:26 -0500, Poquito Loco
wrote:

TT does a good job with Sch K now. Pretty simple. I remember helping an officer do his taxes while
in Germany. The Sch K took several hours for me to do (much of which was trying to figure out what
to do). The final result was a savings of about $11 in his taxes. Unreal.

Exactly my experience.
I assume the IRS does not even look at these things if you do not have
$100k or more in the partnership.
I am hooked up with Carl Ichan now and he is making me money but when
I look at the numbers on the K-1, it is $5 here and $10 there across
about 10 forms.
This all started with a $10k flier in a partnership called American
Property Investors. For years I was getting a $1000-1500 deduction and
a check.
After 1986, not so much and it looked like I was done. I did pass up a
few chances to be bought out for an insulting amount. Then Icahn
bought it and it came alive again. I am getting a couple grand a year
now. I don't have a clue what I could sell it for. I really do not
have a clue what I would say my basis would be on that. Things like
recaptured depreciation and such might come up to bite me ... if the
IRS actually knows themselves.

My experience, above, was in the late 80's. During my first year with Wells Fargo, after doing the
Sch K, with TurboTax, I called and told them no more Sch K. I'd forego all the 'tax advantages'.
Even with TT the damn thing is a PITA.
--

Guns don't cause problems. The behavior
of certain gun owners causes problems.

On 1/27/2015 1:34 PM, wrote:
I am getting a couple grand a year
now. I don't have a clue what I could sell it for. I really do not
have a clue what I would say my basis would be on that. Things like
recaptured depreciation and such might come up to bite me

... if the IRS actually knows themselves.

Oh they know, just ask ten IRS agents and you will get more answers
than you want. It's hard to get them all on the same line though!

Mikek