most welcome
PTP K-1's - dinner with an acquaintance last week - he does small business cpa work (I think mostly LLC/1065) and for the owners their personal 1040s. We got to talking about how he hates PTP K-1's - can't charge enough to recover his time and for
@TurboTaxCheriS and
@TurboTaxGabi benefit, he uses Lacerte (not ProSeries) and finds the handling in Lacerte not only difficult but arcane. So dinner was totally dominated to that topic. We also talked about how financial advisors have been pushing MLPs in general now as a way to goose up income. The latest onew you will see sometime in the next month - offerings from ML, Wells, anbd others: Municipal Bond Investment Limited Partnerships - try to marry tax-exempt income with MLP write-offs - TCAJ has become the full employment act for CPAs and the sharp-pointed incentive to financial advisors to find a way around TCAJ as it hits the upper-middle income taxpayer on east/west coasts.
If this posted response is useful to you, please click on the upraised hand in the lower left of this post. Thank you. Scruffy Curmudgeon--PFFM/ IAFF, retired FireFighter/Paramedic - Locals 718/30, Veteran USAR O3 AIS/ASA '65-'67
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USAR 64-67 AIS/ASA MOS 9301 - O3
- Just donating my time
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